Ferrexpo Stock Rating Reaffirmed by JPMorgan Chase (FXPO)
Ferrexpo (LON: FXPO)‘s stock had its “underweight” rating reaffirmed by research analysts at JPMorgan Chase in a report released on Wednesday. They currently have a $3.30 (221 GBX) target price on the stock.
Ferrexpo opened at 221.60 on Wednesday. Ferrexpo has a 52-week low of GBX 138.70 and a 52-week high of GBX 344.10. The stock’s 50-day moving average is currently GBX 193.3. The company’s market cap is £1.297 billion.
FXPO has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Monday. They now have a $5.82 price target on the stock. Separately, analysts at Renaissance Capital downgraded shares of Ferrexpo to a “hold” rating in a research note to investors on Friday, March 1st. They now have a $3.79 price target on the stock. Finally, analysts at Seymour Pierce reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Wednesday, January 23rd.
Ferrexpo plc is principally engaged in the production of iron ore pellets, which are used in the manufacture of steel.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.