Itaconix (LON:ITX) Price Target Raised to GBX 375 at Canaccord Genuity Group

Itaconix (LON:ITX) had its price target lifted by stock analysts at Canaccord Genuity Group from GBX 325 to GBX 375 in a report issued on Friday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 158.80% from the company’s current price.

Itaconix Stock Performance

LON:ITX opened at GBX 144.90 on Friday. The company has a current ratio of 3.43, a quick ratio of 0.52 and a debt-to-equity ratio of 24.58. The firm has a 50-day moving average price of GBX 110.04 and a two-hundred day moving average price of GBX 111.89. Itaconix has a twelve month low of GBX 97 and a twelve month high of GBX 150. The company has a market capitalization of £19.54 million, a P/E ratio of -14.21 and a beta of 0.97.

Insider Buying and Selling at Itaconix

In other Itaconix news, insider Peter Nieuwenhuizen acquired 3,400 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was acquired at an average cost of GBX 109 per share, with a total value of £3,706. 77.49% of the stock is currently owned by company insiders.

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.