Itafos (CVE:IFOS) PT Raised to C$4.00 at Raymond James

Itafos (CVE:IFOS) had its price objective increased by Raymond James from C$3.75 to C$4.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 185.71% from the company’s previous close.

Shares of CVE:IFOS traded up C$0.05 during mid-day trading on Thursday, reaching C$1.40. The stock had a trading volume of 184,291 shares, compared to its average volume of 17,446. The company has a market cap of C$261.54 million and a price-to-earnings ratio of 12.17. The stock has a 50 day moving average of C$1.26. The company has a debt-to-equity ratio of 240.22, a quick ratio of 0.66 and a current ratio of 1.73. Itafos has a twelve month low of C$0.23 and a twelve month high of C$1.90.

Itafos Company Profile

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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