Canaccord Genuity Group Reaffirms “Buy” Rating for Iofina (LON:IOF)

Iofina (LON:IOF)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a note issued to investors on Friday, Digital Look reports. They currently have a GBX 70 price objective on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 37.25% from the stock’s previous close.

Iofina Stock Performance

Iofina stock opened at GBX 51 on Friday. The firm has a 50 day simple moving average of GBX 52.67 and a 200-day simple moving average of GBX 48.49. The stock has a market cap of £97.85 million, a price-to-earnings ratio of 11.33 and a beta of 0.96. The company has a debt-to-equity ratio of 10.80, a current ratio of 2.57 and a quick ratio of 1.56. Iofina has a 1-year low of GBX 20 and a 1-year high of GBX 60.12.

Iofina (LON:IOF) last released its quarterly earnings results on Monday, September 21st. The company reported GBX 1.80 EPS for the quarter. Iofina had a net margin of 12.91% and a return on equity of 15.30%. On average, analysts expect that Iofina will post 1.82 EPS for the current year.

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.