Ferrexpo Plc (LON:FXPO) PT Raised to GBX 250
Ferrexpo Plc (LON:FXPO) had its target price increased by stock analysts at Credit Suisse Group from GBX 200 ($2.60) to GBX 250 ($3.26) in a report released on Tuesday. The brokerage presently has a “neutral” rating on the iron ore producer’s stock. Credit Suisse Group’s price objective suggests a potential downside of 4.62% from the stock’s current price.
Several other research analysts have also commented on FXPO. Barclays PLC upped their price objective on shares of Ferrexpo Plc from GBX 50 ($0.65) to GBX 130 ($1.69) and gave the stock an “underweight” rating in a report on Friday, April 21st. J P Morgan Chase & Co decreased their price objective on shares of Ferrexpo Plc from GBX 220 ($2.86) to GBX 195 ($2.54) and set an “overweight” rating for the company in a report on Tuesday, May 2nd. Liberum Capital restated a “sell” rating and issued a GBX 70 ($0.91) price objective on shares of Ferrexpo Plc in a report on Wednesday, May 10th. Deutsche Bank AG decreased their price objective on shares of Ferrexpo Plc from GBX 280 ($3.65) to GBX 270 ($3.52) and set a “buy” rating for the company in a report on Thursday, June 22nd. Finally, HSBC Holdings plc restated a “buy” rating and issued a GBX 230 ($3.00) price objective on shares of Ferrexpo Plc in a report on Friday, July 14th. Four 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 stock. The stock currently has an average rating of “Hold” and an average target price of GBX 150.63 ($1.96).
Shares of Ferrexpo Plc (LON FXPO) opened at 262.10 on Tuesday. The firm has a 50-day moving average of GBX 214.23 and a 200 day moving average of GBX 175.67. Ferrexpo Plc has a 1-year low of GBX 58.00 and a 1-year high of GBX 263.90. The company’s market capitalization is GBX 1.53 billion.
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In other Ferrexpo Plc news, insider Christopher Mawe purchased 481 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was bought at an average cost of GBX 173 ($2.25) per share, for a total transaction of £832.13 ($1,083.64).
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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