Iofina plc Given Buy Rating at Investec (IOF)
Iofina plc (LON:IOF)‘s stock had its “buy” rating reaffirmed by investment analysts at Investec in a note issued to investors on Wednesday, Analyst Ratings Network.com reports. They currently have a GBX 230 ($3.68) target price on the stock. Investec’s price objective points to a potential upside of 55.41% from the company’s current price.
Iofina plc (LON:IOF) opened at 174.00 on Wednesday. Iofina plc has a 52 week low of GBX 58.25 and a 52 week high of GBX 251.75. The stock’s 50-day moving average is GBX 143.1 and its 200-day moving average is GBX 181.5.
Iofina plc is a holding company engaged in the exploration for, and development of, natural gas and associated iodine in certain areas of the United States and the manufacturing of specialty chemicals in the United States with support provided by the United Kingdom office.
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