International Ferro Metals Limited’s “Buy” Rating Reaffirmed at Numis Securities Ltd (IFL)
International Ferro Metals Limited (LON:IFL)‘s stock had its “buy” rating reiterated by investment analysts at Numis Securities Ltd in a note issued to investors on Tuesday. They currently have a GBX 30 ($0.50) target price on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 215.79% from the company’s current price.
A number of other analysts have also recently weighed in on IFL. Analysts at Macquarie reiterated an “outperform” rating on shares of International Ferro Metals Limited in a research note on Friday. They now have a GBX 15 ($0.25) price target on the stock. Separately, analysts at FinnCap initiated coverage on shares of International Ferro Metals Limited in a research note on Wednesday, April 30th. They set a “buy” rating and a GBX 42 ($0.71) price target on the stock. Finally, analysts at SP Angel reiterated a “buy” rating on shares of International Ferro Metals Limited in a research note on Thursday, April 24th. They now have a GBX 20 ($0.34) price target on the stock.
Shares of International Ferro Metals Limited (LON:IFL) traded down 1.33% during mid-day trading on Tuesday, hitting GBX 9.30. The stock had a trading volume of 180,525 shares. International Ferro Metals Limited has a 52 week low of GBX 8.25 and a 52 week high of GBX 13.00. The stock has a 50-day moving average of GBX 9.98 and a 200-day moving average of GBX 10.55. The company’s market cap is £51.5 million.
International Ferro Metals Limited (LON:IFL) is an integrated ferrochrome producer.
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