Another buy rating from Numis 14 Nov 2013 13:04
They are certainly trying to promote this......not so Macquarie.
International Ferro Metals Ltd Receives Buy Rating from Numis Securities Ltd (IFL)
Posted by Tammy Falkenburg on Nov 14th, 2013
International Ferro Metals Ltd (LON:IFL)‘s stock had its “buy” rating reiterated by Numis Securities Ltd in a research note issued on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 30 ($0.48) target price on the stock. Numis Securities Ltd’s target price suggests a potential upside of 160.87% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at SP Angel reiterated a “buy” rating on shares of International Ferro Metals Ltd in a research note to investors on Thursday, November 7th. They now have a GBX 20 ($0.32) price target on the stock. Separately, analysts at Macquarie reiterated a “neutral” rating on shares of International Ferro Metals Ltd in a research note to investors on Tuesday, October 15th. They now have a GBX 9 ($0.14) price target on the stock.
International Ferro Metals Ltd (LON:IFL) opened at 11.175 on Thursday. International Ferro Metals Ltd has a one year low of GBX 8.25 and a one year high of GBX 15.025. The stock’s 50-day moving average is GBX 9.26 and its 200-day moving average is GBX 9.3. The company’s market cap is £61.9 million.