Iluka Resources Limited Stock Rating Reaffirmed by Credit Suisse (ILU)
Iluka Resources Limited (ASX:ILU)‘s stock had its “underperform” rating reiterated by equities researchers at Credit Suisse in a research report issued on Sunday. They currently have a $8.50 price objective on the stock.
Iluka Resources Limited (ASX:ILU) opened at 8.580 on Friday. Iluka Resources Limited has a 1-year low of A$8.040 and a 1-year high of A$12.080. The stock’s 50-day moving average is A$8.57 and its 200-day moving average is A$8.94. The company has a market cap of A$3.584 billion and a P/E ratio of 197.50.
A number of other firms have also recently commented on ILU. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Iluka Resources Limited in a research note on Tuesday, August 5th. They now have a $10.10 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Iluka Resources Limited in a research note on Thursday, July 31st. They now have a $8.95 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Iluka Resources Limited currently has an average rating of “Hold” and a consensus target price of A$10.14 ($9.47).
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.
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