Iofina (LON:IOF) Price Target Cut to GBX 35

Iofina (LON:IOF) had its price objective decreased by research analysts at Canaccord Genuity Group from GBX 40 ($0.50) to GBX 35 ($0.44) in a report released on Tuesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 70.73% from the stock’s previous close.

Iofina Stock Performance

Shares of LON:IOF opened at GBX 20.50 ($0.26) on Tuesday. The business’s fifty day moving average price is GBX 23.02 and its two-hundred day moving average price is GBX 24.42. Iofina has a fifty-two week low of GBX 19 ($0.24) and a fifty-two week high of GBX 38 ($0.47). The stock has a market capitalization of £39.33 million, a price-to-earnings ratio of 512.50 and a beta of 0.66. The company has a debt-to-equity ratio of 15.43, a current ratio of 2.78 and a quick ratio of 1.56.

About Iofina

Iofina plc develops, explores for, and produces iodine and halogen-based specialty chemical derivatives in the United States and the United Kingdom. It offers halogen chemicals, disinfectants, electronic specialty gases, sanitizers, heat stabilizers, preservatives, and specialty intermediates, as well as animal health, mineral separation, and odor control products for use in electronics/semiconductor, pharmaceutical, food and beverage, personal care, paints and coatings, dairy, chemical intermediates, gemological, fish and wildlife, and nylon markets.