Canaccord Genuity Group Reiterates Buy Rating for Iofina (LON:IOF)

Iofina (LON:IOFGet Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They currently have a GBX 37.50 ($0.47) target price on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 79.60% from the stock’s previous close.

Iofina Trading Up 0.6 %

Shares of IOF stock opened at GBX 20.88 ($0.26) on Thursday. The company has a debt-to-equity ratio of 11.11, a current ratio of 2.60 and a quick ratio of 1.56. The firm has a market cap of £40.06 million, a P/E ratio of 2,088.00 and a beta of 0.71. Iofina has a 1-year low of GBX 16.31 ($0.20) and a 1-year high of GBX 29 ($0.36). The firm’s 50-day simple moving average is GBX 19.29 and its 200-day simple moving average is GBX 20.04.

Iofina Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Iofina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iofina and related companies with MarketBeat.com's FREE daily email newsletter.