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Investment analysts at Numis Securities Ltd initiated coverage on shares of Iofina plc (LON:IOF) in a note issued to investors on Wednesday, Stock Ratings News reports. The firm set a “buy” rating and a GBX 156 ($2.56) price target on the stock. Numis Securities Ltd’s target price points to a potential upside of 52.57% from the company’s current price.

A number of other analysts have also recently weighed in on IOF. Analysts at Investec reiterated a “buy” rating on shares of Iofina plc in a research note to investors on Tuesday, December 17th. They now have a GBX 230 ($3.78) price target on the stock.

Shares of Iofina plc (LON:IOF) opened at 101.75 on Wednesday. Iofina plc has a 52-week low of GBX 79.75 and a 52-week high of GBX 251.75. The stock has a 50-day moving average of GBX 112.2 and a 200-day moving average of GBX 149.8.

Iofina plc is a holding company engaged in the exploration for, and development of, natural gas and associated iodine in certain areas of the United States and the manufacturing of specialty chemicals in the United States with support provided by the United Kingdom office.

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