Itaconix (LON:ITX) Earns Buy Rating from Canaccord Genuity Group

Itaconix (LON:ITX)‘s stock had its “buy” rating reissued by Canaccord Genuity Group in a research note issued to investors on Tuesday, London Stock Exchange reports. They currently have a GBX 375 price objective on the stock. Canaccord Genuity Group’s target price points to a potential upside of 82.04% from the company’s previous close.

Itaconix Stock Performance

Itaconix stock opened at GBX 206 on Tuesday. Itaconix has a fifty-two week low of GBX 97 and a fifty-two week high of GBX 228. The stock’s 50 day simple moving average is GBX 161.35 and its two-hundred day simple moving average is GBX 128.22. The company has a debt-to-equity ratio of 24.58, a quick ratio of 0.52 and a current ratio of 3.43. The stock has a market cap of £27.78 million, a price-to-earnings ratio of -20.20 and a beta of 1.05.

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.