Raymond James Increases Itafos (CVE:IFOS) Price Target to C$4.00

Itafos (CVE:IFOS) had its target price increased by investment analysts at Raymond James from C$3.75 to C$4.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 185.71% from the stock’s current price.

Shares of CVE IFOS traded up C$0.05 during mid-day trading on Thursday, reaching C$1.40. 184,291 shares of the company were exchanged, compared to its average volume of 17,446. Itafos has a twelve month low of C$0.23 and a twelve month high of C$1.90. The company has a market capitalization of C$261.54 million and a PE ratio of 12.17. The firm’s 50-day moving average is C$1.26. The company has a debt-to-equity ratio of 240.22, a current ratio of 1.73 and a quick ratio of 0.66.

About Itafos

Itafos operates as a phosphate and specialty fertilizer platform company. It operates through Conda, Arraias, and Development and Exploration segments. The company produces and sells monoammonium phosphate (MAP), MAP with micronutrients, superphosphoric acid, merchant grade phosphoric acid, single superphosphate (SSP), SSP with micronutrients, and ammonium polyphosphate.

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