JPMorgan Chase & Co. Raises Ferrexpo Plc (FXPO) Price Target to GBX 50
Ferrexpo Plc (LON:FXPO) had its price objective raised by JPMorgan Chase & Co. from GBX 45 ($0.59) to GBX 50 ($0.65) in a research report report published on Thursday morning. The firm currently has a neutral rating on the iron ore producer’s stock.
Several other equities research analysts have also recently issued reports on the stock. Deutsche Bank AG reissued a buy rating on shares of Ferrexpo Plc in a research report on Wednesday, August 10th. Macquarie restated an underperform rating and issued a GBX 20 ($0.26) price target on shares of Ferrexpo Plc in a report on Monday, August 22nd. Investec raised their price target on shares of Ferrexpo Plc from GBX 24 ($0.31) to GBX 25 ($0.33) and gave the company a sell rating in a report on Tuesday, July 19th. Liberum Capital restated a sell rating and issued a GBX 26 ($0.34) price target on shares of Ferrexpo Plc in a report on Tuesday, July 5th. Finally, Credit Suisse Group AG restated an underperform rating and issued a GBX 22 ($0.29) price target on shares of Ferrexpo Plc in a report on Thursday, June 16th. Seven research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Sell and a consensus price target of GBX 40.20 ($0.52).
Ferrexpo Plc (LON:FXPO) opened at 72.875 on Thursday. Ferrexpo Plc has a one year low of GBX 12.50 and a one year high of GBX 84.53. The stock has a 50 day moving average of GBX 68.60 and a 200 day moving average of GBX 42.38. The firm’s market cap is GBX 426.65 million.
Ferrexpo Plc Company Profile
Ferrexpo plc is an iron ore pellet producer. The Company produces, develops and markets its principal product, iron ore pellets, for sale to the metallurgical industry. The Company’s operations are vertically integrated from iron ore mining through to iron ore concentrate, and pellet production and subsequent logistics.
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