Itaconix’s (ITX) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Itaconix (LON:ITX – Get Free Report)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a report released on Tuesday, London Stock Exchange reports. They currently have a GBX 375 price objective on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 82.04% from the company’s previous close.

Itaconix Price Performance

ITX opened at GBX 206 on Tuesday. The company has a debt-to-equity ratio of 24.58, a quick ratio of 0.52 and a current ratio of 3.43. The stock has a market capitalization of £27.78 million, a PE ratio of -20.20 and a beta of 1.05. The stock’s 50 day moving average price is GBX 161.35 and its 200-day moving average price is GBX 128.22. Itaconix has a 52-week low of GBX 97 and a 52-week high of GBX 228.

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About Itaconix

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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.

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