Iluka Resources Limited Given Outperform Rating at Credit Suisse (ILU)
Iluka Resources Limited (ASX:ILU)‘s stock had its “outperform” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Thursday, StockRatingsNetwork reports. They currently have a $147.00 price target on the stock.
Iluka Resources Limited (ASX:ILU) traded down 0.40% on Thursday, hitting A$9.860. 1,233,201 shares of the company’s stock traded hands. 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$4.120 billion and a P/E ratio of 33.67.
ILU has been the subject of a number of other recent research reports. Analysts at RBC Capital upgraded shares of Iluka Resources Limited from a “sector perform” rating to an “outperform” rating in a research note to investors on Sunday. They now have a $13.00 price target on the stock. Finally, 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Iluka Resources Limited currently has a consensus rating of “Buy” and a consensus target price of A$57.29 ($54.05).
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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