Raymond James Lowers Itafos (IFOS) Price Target to C$3.25

Itafos (CVE:IFOS) had its target price reduced by Raymond James from C$4.00 to C$3.25 in a research note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 170.83% from the company’s current price.

Itafos stock opened at C$1.20 on Thursday. The company has a debt-to-equity ratio of 36.53, a quick ratio of 0.66 and a current ratio of 2.25. Itafos has a fifty-two week low of C$1.00 and a fifty-two week high of C$2.90.

Itafos Company Profile

Itafos, together with its subsidiaries, mines and explores for, produces, and sells phosphate fertilizers and related products. The company operates through Itafos Arraias; and Development and Exploration segments. It produces mono-ammonium phosphate, super phosphoric acid, phosphoric acid, single super phosphate, high-grade phosphate, and specialty products, as well as niobium.

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