Macquarie Sticks to Its Buy Rating for Iluka Resources Limited (ILKAF)
In a report released today, Robert Stein from Macquarie maintained a Buy rating on Iluka Resources Limited (ILKAF – Research Report), with a price target of A$6.50. The company's shares closed last Friday at $2.68.
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Stein covers the Basic Materials sector, focusing on stocks such as Mineral Resources Limited, Iluka Resources Limited, and IGO. According to TipRanks, Stein has an average return of 9.6% and a 50.72% success rate on recommended stocks.
Iluka Resources Limited has an analyst consensus of Moderate Buy, with a price target consensus of $3.33, representing a 24.49% upside. In a report released on April 21, J.P. Morgan also upgraded the stock to a Buy with a A$4.75 price target.
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