Ferrexpo Plc (FXPO) Given Neutral Rating at JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their neutral rating on shares of Ferrexpo Plc (LON:FXPO) in a research report sent to investors on Thursday. JPMorgan Chase & Co. currently has a GBX 50 ($0.65) price target on the iron ore producer’s stock.
A number of other brokerages also recently weighed in on FXPO. Credit Suisse Group AG boosted their price objective on shares of Ferrexpo Plc from GBX 22 ($0.29) to GBX 25 ($0.33) and gave the company an underperform rating in a research report on Thursday, June 30th. Jefferies Group boosted their price objective on shares of Ferrexpo Plc from GBX 20 ($0.26) to GBX 30 ($0.39) and gave the company an underperform rating in a research report on Thursday, August 4th. Macquarie reaffirmed an underperform rating and set a GBX 20 ($0.26) price objective on shares of Ferrexpo Plc in a research report on Monday, September 5th. Deutsche Bank AG boosted their price objective on shares of Ferrexpo Plc from GBX 105 ($1.37) to GBX 115 ($1.50) and gave the company a buy rating in a research report on Wednesday, July 6th. Finally, Barclays PLC reaffirmed an underweight rating on shares of Ferrexpo Plc in a research report on Wednesday, September 21st. Seven 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 presently has a consensus rating of Sell and a consensus price target of GBX 41.70 ($0.54).
Shares of Ferrexpo Plc (LON:FXPO) traded up 1.25% on Thursday, reaching GBX 81.00. 936,640 shares of the company’s stock were exchanged. The company’s market capitalization is GBX 474.22 million. The stock’s 50-day moving average price is GBX 72.19 and its 200-day moving average price is GBX 45.86. Ferrexpo Plc has a 1-year low of GBX 12.50 and a 1-year high of GBX 85.39.
About Ferrexpo Plc
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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