Iluka Resources Limited Given “Overweight” Rating at JPMorgan Chase (ILU)

Iluka Resources Limited (ASX: ILU)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase in a report issued on Tuesday. They currently have a $12.81 (13 AUD) target price on the stock.

Iluka Resources Limited traded down 1.24% on Tuesday, hitting A$9.560. Iluka Resources Limited has a 52-week low of A$0.000 and a 52-week high of A$0.000. The stock’s 50-day moving average is currently A$0.0. The company has a market cap of A$3.987 billion and a price-to-earnings ratio of 11.11.

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Iluka Resources Limited in a research note to investors on Tuesday, February 19th. They now have a $11.34 price target on the stock. Separately, analysts at RBC Capital upgraded shares of Iluka Resources Limited from an “underperform” rating to a “sector perform” rating in a research note to investors on Friday, February 15th. They now have a $11.46 price target on the stock, up previously from $7.50. Finally, analysts at Nomura initiated coverage on shares of Iluka Resources Limited in a research note to investors on Wednesday, January 30th. They set a “buy” rating and a $12.50 price target on the stock.

Iluka Resources Limited is the producer of zircon globally and producer of the titanium dioxide products of rutile and synthetic rutile, with operations in Australia and Virginia, United States.