Nomura Reaffirms Buy Rating on Incitec Pivot (IPL)
Incitec Pivot (ASX: IPL)‘s stock had its “buy” rating reiterated by equities research analysts at Nomura in a research note issued to investors on Thursday. They currently have a $3.68 (4 AUD) price target on the stock.
A number of other firms have also recently commented on IPL. Analysts at Goldman Sachs downgraded shares of Incitec Pivot to a “neutral” rating in a research note to investors on Monday, December 31st. They now have a $3.58 price target on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Incitec Pivot in a research note to investors on Tuesday, December 18th. They now have a $3.56 price target on the stock.
Incitec Pivot opened at 3.270 on Thursday. Incitec Pivot has a 52-week low of A$2.620 and a 52-week high of A$3.450. The stock’s 50-day moving average is currently A$3.20. The company has a market cap of A$5.326 billion and a price-to-earnings ratio of 10.45.
Incitec Pivot Limited (Incitec Pivot) is engaged in the manufacture, trading and distribution of fertilizers, industrial explosives and chemicals, and the provision of related services.
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