Iofina (LON:IOF – Get Free Report) had its price target boosted by Canaccord Genuity Group from GBX 65 to GBX 70 in a research note issued to investors on Monday, London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 31.26% from the company’s current price.
Iofina Stock Up 4.6%
Iofina stock opened at GBX 53.33 on Monday. Iofina has a 12 month low of GBX 20 and a 12 month high of GBX 60.12. The stock has a fifty day simple moving average of GBX 54.18 and a two-hundred day simple moving average of GBX 43.38. The company has a current ratio of 2.64, a quick ratio of 1.56 and a debt-to-equity ratio of 11.96. The firm has a market cap of £102.32 million, a price-to-earnings ratio of 13.33 and a beta of 0.88.
Insiders Place Their Bets
In related news, insider Tim Hughes bought 20,003 shares of the stock in a transaction on Monday, June 29th. The shares were acquired at an average price of GBX 50 per share, for a total transaction of £10,001.50. Company 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.
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