International Ferro Metals Ltd Stock Rating Reaffirmed by Numis Securities Ltd (IFL)
International Ferro Metals Ltd (LON:IFL)‘s stock had its “buy” rating restated by investment analysts at Numis Securities Ltd in a note issued to investors on Thursday, StockRatingsNetwork reports. They currently have a GBX 30 ($0.49) price objective on the stock. Numis Securities Ltd’s target price suggests a potential upside of 136.03% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at SP Angel reiterated a “buy” rating on shares of International Ferro Metals Ltd in a research note to investors on Thursday. They now have a GBX 20 ($0.33) price target on the stock.
Shares of International Ferro Metals Ltd (LON:IFL) traded down 7.60% during mid-day trading on Thursday, hitting GBX 11.781. The stock had a trading volume of 3,866,124 shares. International Ferro Metals Ltd has a 52 week low of GBX 8.25 and a 52 week high of GBX 15.00. The stock’s 50-day moving average is GBX 10.18 and its 200-day moving average is GBX 9.63. The company’s market cap is £65.3 million.
International Ferro Metals Limited (LON:IFL) is an integrated ferrochrome producer.
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