RBC Capital Upgrades Iluka Resources Limited to “Outperform” (ILU)
Iluka Resources Limited (ASX:ILU) was upgraded by equities researchers at RBC Capital from a “sector perform” rating to an “outperform” rating in a research report issued on Friday, AR Network reports. The firm currently has a A$13.00 ($12.15) price objective on the stock, up from their previous price objective of A$10.00 ($9.35).
Shares of Iluka Resources Limited (ASX:ILU) traded up 2.68% on Friday, hitting A$11.500. 2,111,391 shares of the company’s stock traded hands. Iluka Resources Limited has a one year low of A$7.360 and a one year high of A$13.600. The stock’s 50-day moving average is A$9.84 and its 200-day moving average is A$9.35. The company has a market cap of A$4.805 billion and a price-to-earnings ratio of 38.10.
A number of other firms have also recently commented on ILU. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Iluka Resources Limited (ASX:ILU) in a research note to investors on Wednesday, September 4th. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Iluka Resources Limited (ASX:ILU) in a research note to investors on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Iluka Resources Limited presently has an average rating of “Buy” and an average price target of A$12.44 ($11.62).
Iluka Resources Limited is the producer of zircon globally and producer of the titanium dioxide products of rutile and synthetic rutile, with operations in Australia and Virginia, United States.
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