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Analysts at RBC Capital started coverage on shares of Incitec Pivot Limited (ASX:IPL) in a research report issued to clients and investors on Wednesday. The firm set a “sector perform” rating and a $2.90 price target on the stock.

Shares of Incitec Pivot Limited (ASX:IPL) traded down 1.09% on Wednesday, hitting A$2.710. 3,911,069 shares of the company’s stock traded hands. Incitec Pivot Limited has a 1-year low of A$2.305 and a 1-year high of A$3.235. The stock’s 50-day moving average is A$2.82 and its 200-day moving average is A$2.83. The company has a market cap of A$4.458 billion and a P/E ratio of 11.76.

A number of other firms have also recently commented on IPL. Analysts at Deutsche Bank raised their EPS on shares of Incitec Pivot Limited in a research note on Wednesday, May 14th. Analysts at Morningstar upgraded shares of Incitec Pivot Limited to an “accumulate” rating in a research note on Tuesday, March 25th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of A$2.90 ($2.69).

Incitec Pivot Limited is engaged in the manufacture, trading and distribution of fertilizers, industrial explosives, and chemicals.

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