Iofina (LON:IOF) Given New GBX 65 Price Target at Canaccord Genuity Group

Iofina (LON:IOF) had its price objective upped by stock analysts at Canaccord Genuity Group from GBX 60 to GBX 65 in a report issued on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 13.24% from the stock’s current price.

Iofina Stock Up 3.4%

IOF opened at GBX 57.40 on Wednesday. The business’s fifty day moving average is GBX 49.80 and its two-hundred day moving average is GBX 34.96. The company has a debt-to-equity ratio of 11.96, a quick ratio of 1.56 and a current ratio of 2.64. The company has a market cap of £110.13 million, a price-to-earnings ratio of 14.35 and a beta of 0.86. Iofina has a one year low of GBX 20 and a one year high of GBX 59.

Iofina (LON:IOF) last announced its quarterly earnings results on Thursday, April 30th. The company reported GBX 4.10 earnings per share for the quarter. The business had revenue of GBX 6,651 million during the quarter. Iofina had a return on equity of 14.89% and a net margin of 11.84%. Analysts anticipate that Iofina will post 1.8160377 EPS for the current fiscal year.

Insider Transactions at Iofina

In other Iofina news, insider Tim Hughes purchased 20,003 shares of Iofina stock in a transaction on Monday, June 29th. The shares were bought at an average price of GBX 50 per share, with a total value of £10,001.50. Insiders own 13.44% of the company’s stock.

About Iofina

Iofina plc is a vertically integrated company that specialises in the production of Iodine and the manufacturing of specialty chemical products and derivatives. Iofina is the second largest producer of iodine in North America and operates the manufacturing entities, Iofina Resources, and Iofina Chemical.