Iofina (LON:IOF) PT Lowered to GBX 35 at Canaccord Genuity Group

Iofina (LON:IOF) had its price target decreased by equities research analysts at Canaccord Genuity Group from GBX 40 ($0.50) to GBX 35 ($0.44) in a research report issued to clients and investors on Tuesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 66.05% from the company’s current price.

Iofina Stock Down 12.2 %

IOF opened at GBX 21.08 ($0.26) on Tuesday. Iofina has a one year low of GBX 19 ($0.24) and a one year high of GBX 38 ($0.47). The company has a debt-to-equity ratio of 15.43, a quick ratio of 1.56 and a current ratio of 2.78. The stock’s fifty day moving average is GBX 23.33 and its 200-day moving average is GBX 24.50. The company has a market capitalization of £40.44 million, a PE ratio of 526.95 and a beta of 0.66.

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.