Iluka Resources Limited Rating Reiterated by Credit Suisse (ILU)
Iluka Resources Limited (ASX:ILU)‘s stock had its “outperform” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Friday, Analyst Ratings News reports. They currently have a $147.00 price target on the stock.
Shares of Iluka Resources Limited (ASX:ILU) traded down 1.29% during mid-day trading on Friday, hitting A$9.980. The stock had a trading volume of 2,938,126 shares. Iluka Resources Limited has a 52 week low of A$7.360 and a 52 week 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$4.170 billion and a price-to-earnings ratio of 34.39.
Several other analysts have also recently commented on the stock. 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 Monday, October 21st. They now have a $13.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of A$57.29 ($55.62).
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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