Iofina (LON:IOF) Price Target Raised to GBX 65

Iofina (LON:IOF) had its price target boosted by Canaccord Genuity Group from GBX 60 to GBX 65 in a research report sent to investors on Wednesday,Digital Look reports. The brokerage currently has a buy rating on the stock.

Iofina Trading Up 2.7%

Shares of IOF stock opened at GBX 58 on Wednesday. Iofina has a 1-year low of GBX 20 and a 1-year high of GBX 60. The firm has a market cap of £111.28 million, a PE ratio of 14.50 and a beta of 0.86. The company has a 50-day moving average of GBX 50.52 and a two-hundred day moving average of GBX 35.56. The company has a debt-to-equity ratio of 11.96, a current ratio of 2.64 and a quick ratio of 1.56.

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. Iofina had a net margin of 11.84% and a return on equity of 14.89%. The business had revenue of GBX 6,651 million for the quarter. On average, analysts predict that Iofina will post 1.8160377 EPS for the current year.

Insiders Place Their Bets

In other news, insider Tim Hughes bought 20,003 shares of the business’s 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.

Iofina Company Profile

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.