Citi Sticks to Its Buy Rating for Imdex Ltd (IMDXF) – TipRanks Financial Blog

Citi analyst William Park CPA maintained a Buy rating on Imdex Ltd (IMDXFResearch Report) today and set a price target of A$2.20. The company’s shares closed last Wednesday at $1.13.

According to TipRanks, Park CPA is an analyst with an average return of -1.9% and a 48.57% success rate.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Imdex Ltd with a $1.34 average price target.

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IMDXF market cap is currently $532.4M and has a P/E ratio of 19.76.

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Imdex Ltd (IMDXF) Company Description:

Imdex Ltd is an Australia-based company engaged in providing mining, equipment, technology, and services. It operates in the Minerals segment which involves the principal activities of providing drilling fluid products, advanced downhole instrumentation, data solutions and geo-analytics services to exploration, development and production companies in the minerals sector. The group operates in Asia Pacific, Europe, America, and other countries.