Itaconix (LON:ITX – Get Free Report) had its price target raised by equities research analysts at Canaccord Genuity Group from GBX 325 to GBX 375 in a research report issued on Friday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 148.34% from the company’s previous close.
Itaconix Stock Up 28.5%
Shares of ITX opened at GBX 151 on Friday. The stock’s 50-day moving average price is GBX 110.91 and its two-hundred day moving average price is GBX 112.16. The company has a market capitalization of £20.36 million, a PE ratio of -14.80 and a beta of 0.97. The company has a current ratio of 3.43, a quick ratio of 0.52 and a debt-to-equity ratio of 24.58. Itaconix has a 12 month low of GBX 97 and a 12 month high of GBX 151.
Insider Buying and Selling at Itaconix
In other news, insider Peter Nieuwenhuizen purchased 3,400 shares of the stock in a transaction dated Tuesday, May 5th. The shares were purchased at an average cost of GBX 109 per share, with a total value of £3,706. 77.49% of the stock is currently owned by corporate insiders.
About Itaconix
Itaconix uses its proprietary plant-based polymer technology platform to produce and sell specialty ingredients that improve the safety, performance, and sustainability of consumer products. The Company’s current ingredients are enabling and leading new generations of products in detergents, hygiene, and hair care. Itaconix’s contributions to the global low carbon economy are recognised by the London Stock Exchange’s Green Economy Mark.
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