Ferrexpo Plc (FXPO) Given Consensus Rating of “Sell” by Brokerages
Ferrexpo Plc (LON:FXPO) has been given an average recommendation of “Sell” by the twelve research firms that are currently covering the company. Seven analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 43.89 ($0.54).
Several research firms recently issued reports on FXPO. Credit Suisse Group AG reiterated an “underperform” rating and set a GBX 22 ($0.27) target price on shares of Ferrexpo Plc in a report on Thursday, June 16th. Deutsche Bank AG restated a “buy” rating on shares of Ferrexpo Plc in a research note on Friday, June 24th. Liberum Capital restated a “sell” rating and issued a GBX 26 ($0.32) price objective on shares of Ferrexpo Plc in a research note on Tuesday, July 5th. JPMorgan Chase & Co. upped their price objective on Ferrexpo Plc from GBX 36 ($0.45) to GBX 38 ($0.47) and gave the company a “neutral” rating in a research note on Wednesday, July 6th. Finally, Investec upped their price objective on Ferrexpo Plc from GBX 24 ($0.30) to GBX 25 ($0.31) and gave the company a “sell” rating in a research note on Tuesday, July 19th.
Shares of Ferrexpo Plc (LON:FXPO) traded up 3.83% during mid-day trading on Tuesday, hitting GBX 88.00. The stock had a trading volume of 2,011,093 shares. The stock has a 50 day moving average of GBX 72.25 and a 200-day moving average of GBX 46.86. Ferrexpo Plc has a 52 week low of GBX 12.50 and a 52 week high of GBX 88.90. The stock’s market capitalization is GBX 515.21 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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