Canaccord Genuity Group Lowers Iofina (LON:IOF) Price Target to GBX 35

Iofina (LON:IOF) had its price objective dropped by 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, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 70.73% from the stock’s current price.

Iofina Stock Performance

LON:IOF opened at GBX 20.50 ($0.26) on Tuesday. The stock has a market cap of £39.33 million, a P/E ratio of 512.50 and a beta of 0.66. The stock has a 50 day simple moving average of GBX 23.02 and a 200 day simple moving average of GBX 24.42. The company has a current ratio of 2.78, a quick ratio of 1.56 and a debt-to-equity ratio of 15.43. Iofina has a 1-year low of GBX 19 ($0.24) and a 1-year high of GBX 38 ($0.47).

Iofina Company Profile

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.