Iluka Resources Limited’s Hold Rating Reaffirmed at Deutsche Bank (ILU)
Iluka Resources Limited (ASX:ILU) traded down 1.57% during mid-day trading on Wednesday, hitting A$8.800. 2,092,683 shares of the company’s stock traded hands. Iluka Resources Limited has a 52-week low of A$8.040 and a 52-week high of A$12.080. The stock’s 50-day moving average is A$8.48 and its 200-day moving average is A$8.93. The company has a market cap of A$3.676 billion and a P/E ratio of 203.18.
Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Iluka Resources Limited in a research note on Sunday, July 20th. They now have a $10.10 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of A$10.14 ($9.56).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.