Ferrexpo Plc (FXPO) Price Target Raised to GBX 130
Ferrexpo Plc (LON:FXPO) had its target price hoisted by investment analysts at Deutsche Bank AG from GBX 115 ($1.50) to GBX 130 ($1.70) in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the iron ore producer’s stock. Deutsche Bank AG’s price target points to a potential upside of 63.01% from the company’s previous close.
Several other research firms also recently weighed in on FXPO. Jefferies Group restated an “underperform” rating and issued a GBX 30 ($0.39) price objective on shares of Ferrexpo Plc in a report on Tuesday, August 23rd. Macquarie restated an “underperform” rating and issued a GBX 20 ($0.26) price objective on shares of Ferrexpo Plc in a report on Monday, August 22nd. Barclays PLC restated an “underweight” rating on shares of Ferrexpo Plc in a report on Wednesday, September 21st. JPMorgan Chase & Co. lifted their price objective on Ferrexpo Plc from GBX 45 ($0.59) to GBX 50 ($0.65) and gave the company a “neutral” rating in a report on Thursday, September 15th. Finally, Credit Suisse Group AG upgraded Ferrexpo Plc to a “neutral” rating and lifted their price objective for the company from GBX 28 ($0.37) to GBX 60 ($0.78) in a report on Thursday, August 4th. Seven investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Sell” and an average price target of GBX 41.70 ($0.54).
Shares of Ferrexpo Plc (LON:FXPO) opened at 79.75 on Wednesday. Ferrexpo Plc has a one year low of GBX 12.50 and a one year high of GBX 85.39. The stock’s market cap is GBX 466.91 million. The stock’s 50 day moving average is GBX 72.11 and its 200-day moving average is GBX 45.31.
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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