Iofina’s (IOF) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Iofina (LON:IOF – Free Report) in a research note published on Friday,Digital Look reports. Canaccord Genuity Group currently has a GBX 70 price objective on the stock.

Iofina Price Performance

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

Iofina (LON:IOF – Get Free Report) last issued its quarterly earnings data on Monday, September 21st. The company reported GBX 1.80 earnings per share (EPS) for the quarter. Iofina had a net margin of 12.91% and a return on equity of 15.30%. Analysts forecast that Iofina will post 1.82 EPS for the current fiscal year.

Iofina Company Profile

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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.

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