Iluka Resources Limited Given Hold Rating at Deutsche Bank (ILU)
Iluka Resources Limited (ASX:ILU)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Sunday, Analyst Ratings Network.com reports. They currently have a $9.00 target price on the stock.
ILU has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Iluka Resources Limited in a research note to investors on Sunday, November 3rd. They now have a $147.00 price target on the stock. Finally, 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 equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of A$45.22 ($40.74).
Shares of Iluka Resources Limited (ASX:ILU) traded up 0.11% during mid-day trading on Friday, hitting A$8.900. 2,375,804 shares of the company’s stock traded hands. Iluka Resources Limited has a 1-year low of A$7.865 and a 1-year high of A$12.080. The stock’s 50-day moving average is A$9.65 and its 200-day moving average is A$10.67. The company has a market cap of A$3.718 billion and a price-to-earnings ratio of 30.24.
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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