Iluka Resources Limited Rating Increased to Outperform at RBC Capital (ILU)
Iluka Resources Limited (ASX:ILU) was upgraded by stock analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a report issued on Sunday, StockRatingsNetwork.com reports. The firm currently has a $13.00 price objective on the stock.
Shares of Iluka Resources Limited (ASX:ILU) opened at 11.300 on Friday. Iluka Resources Limited has a 1-year low of A$7.360 and a 1-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$4.721 billion and a P/E ratio of 38.03.
A number of other analysts have also recently weighed in on ILU. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Iluka Resources Limited 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 in a research note to investors on Thursday, August 22nd. Two 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 a consensus target price of A$12.44 ($11.73).
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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