Iluka Resources (ILU) Stock Recommendation

ABN Amro have rated the Iluka Resources (ILU) stock as a Hold with a share price target of $6.67 and a stock valuation of $4.71. The broker has noted that while profit has met market expectations, there are continuing issues with operating costs and grades. Meanwhile Credit Suisse has rated the stock as Neutral with a share price target of $7.26 for the stock. Deutsche Bank has also given the ILU stock a Buy recommendation with a share price target of $7.95. Macquarie are also bullish on Iluka Resources with an Outperform recommendation and a shareprice target of $8.00. Merill Lynch has a Buy, Medium Risk recommendation with a share price target of $9.50. SB Citigroup hav a Buy, High Risk rating and a share price target of $8.30. The company's reported profit had exceeded the stockbroker's forecast. UBS has a Neutral 2 rating with a share price target of $7.50.

Iluka Resources Limited is listed on the Australian Stock Exchange (ASX) under stock code ILU. You can view their investor website here. Iluka Resources was listed on the ASX on 30 June, 1962. ILU is involved with the production of mineral sands. Iluka was previously mentioned on this website here. Find out the meaning of the recommendations in this primer. Browse for other broker recommendations. Check your charts and good luck with your share trading!