Canaccord Genuity Group Raises Iofina (LON:IOF) Price Target to GBX 70

Iofina (LON:IOF) had its target price increased by stock analysts at Canaccord Genuity Group from GBX 65 to GBX 70 in a research report issued to clients and investors on Monday, London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 31.26% from the stock’s current price.

Iofina Stock Performance

Shares of IOF stock opened at GBX 53.33 on Monday. The firm has a market capitalization of £102.32 million, a price-to-earnings ratio of 13.33 and a beta of 0.88. The stock has a fifty day moving average of GBX 54.18 and a 200 day moving average of GBX 43.38. Iofina has a 52 week low of GBX 20 and a 52 week high of GBX 60.12. The company has a quick ratio of 1.56, a current ratio of 2.64 and a debt-to-equity ratio of 11.96.

Insider Buying and Selling at Iofina

In related news, insider Tim Hughes purchased 20,003 shares of Iofina stock in a transaction that occurred on Monday, June 29th. The shares were bought at an average price of GBX 50 per share, for a total transaction of £10,001.50. 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.