Iofina (LON:IOF) Price Target Raised to GBX 65 at Canaccord Genuity Group

Iofina (LON:IOF) had its price target raised by equities researchers at Canaccord Genuity Group from GBX 60 to GBX 65 in a research note issued on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 13.24% from the stock’s current price.

Iofina Trading Up 3.4%

Shares of IOF stock opened at GBX 57.40 on Wednesday. The firm has a 50-day moving average price of GBX 49.80 and a 200 day moving average price of GBX 34.96. Iofina has a twelve month low of GBX 20 and a twelve month high of GBX 59. The company has a market capitalization of £110.13 million, a price-to-earnings ratio of 14.35 and a beta of 0.86. The company has a current ratio of 2.64, a quick ratio of 1.56 and a debt-to-equity ratio of 11.96.

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

Insiders Place Their Bets

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. 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.