Petra Capital Sticks to Their Buy Rating for Iperionx Limited (IPX)
In a report released on June 6, Hugh Stackpool from Petra Capital maintained a Buy rating on Iperionx Limited (IPX – Research Report), with a price target of A$8.21. The company's shares closed today at A$4.15.
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According to TipRanks, Stackpool is ranked #9428 out of 9593 analysts.
Iperionx Limited has an analyst consensus of Strong Buy, with a price target consensus of A$6.62, implying a 59.52% upside from current levels. In a report released on June 5, Bell Potter also maintained a Buy rating on the stock with a A$6.25 price target.
IPX market cap is currently A$1.41B and has a P/E ratio of -26.39.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IPX in relation to earlier this year.
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