JPMorgan Chase Reiterates Underweight on Ferrexpo (FXPO)
Ferrexpo (LON: FXPO)‘s stock had its “underweight” rating reaffirmed by research analysts at JPMorgan Chase in a report released on Tuesday. They currently have a $3.71 (230 GBX) target price on the stock.
Shares of Ferrexpo opened at 284.23 on Tuesday. Ferrexpo has a 52 week low of GBX 138.70 and a 52 week high of GBX 370.00. The stock’s 50-day moving average is currently GBX 193.3. The company’s market cap is £1.662 billion.
FXPO has been the subject of a number of other recent research reports. Analysts at Sberbank CIB reiterated a “hold” rating on shares of Ferrexpo in a research note to investors on Wednesday, October 31st. They now have a $3.44 price target on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Friday, October 19th.
Ferrexpo plc is principally engaged in the production of iron ore pellets, which are used in the manufacture of steel.
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