Itaconix (LON:ITX) Price Target Raised to GBX 375

Itaconix (LON:ITX) had its target price hoisted by Canaccord Genuity Group from GBX 325 to GBX 375 in a research note published on Friday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Itaconix Price Performance

Shares of Itaconix stock opened at GBX 151 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 market capitalization of £20.36 million, a PE ratio of -14.80 and a beta of 0.97. The business’s 50-day moving average price is GBX 110.91 and its 200-day moving average price is GBX 112.21. Itaconix has a 12 month low of GBX 97 and a 12 month high of GBX 151.

Insider Transactions at Itaconix

In other Itaconix news, insider Peter Nieuwenhuizen purchased 3,400 shares of Itaconix stock in a transaction on Tuesday, May 5th. The shares were acquired at an average cost of GBX 109 per share, for a total transaction of £3,706. 77.49% of the stock is currently owned by corporate 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.