SP Angel Reiterates Buy Rating for International Ferro Metals Ltd (IFL)
International Ferro Metals Ltd (LON:IFL)‘s stock had its “buy” rating restated by equities researchers at SP Angel in a research report issued on Tuesday, AnalystRatings.Net reports. They currently have a GBX 20 ($0.32) target price on the stock. SP Angel’s price objective would suggest a potential upside of 127.79% from the stock’s previous close.
A number of other firms have also recently commented on IFL. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of International Ferro Metals Ltd (LON:IFL) in a research note to investors on Tuesday. They now have a GBX 30 ($0.48) price target on the stock.
Shares of International Ferro Metals Ltd (LON:IFL) traded up 4.78% on Tuesday, hitting GBX 9.20. The stock had a trading volume of 95,263 shares. International Ferro Metals Ltd has a 52-week low of GBX 8.25 and a 52-week high of GBX 15.50. The stock’s 50-day moving average is GBX 9.10 and its 200-day moving average is GBX 9.67. The company’s market cap is £51.0 million.
International Ferro Metals Limited (LON:IFL) is an integrated ferrochrome producer.
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