Ferrexpo Plc’s (LON:FXPO) “Buy” Rating Reiterated at Deutsche Bank AG
Deutsche Bank AG reiterated their buy rating on shares of Ferrexpo Plc (LON:FXPO) in a research note published on Friday morning. Deutsche Bank AG currently has a GBX 270 ($3.56) target price on the iron ore producer’s stock.
Other research analysts have also recently issued research reports about the stock. Barclays PLC reaffirmed an underweight rating and issued a GBX 130 ($1.71) price target on shares of Ferrexpo Plc in a report on Friday, July 14th. J P Morgan Chase & Co cut shares of Ferrexpo Plc to a neutral rating and raised their price target for the stock from GBX 180 ($2.37) to GBX 190 ($2.51) in a report on Friday. Liberum Capital reaffirmed a sell rating and issued a GBX 70 ($0.92) price target on shares of Ferrexpo Plc in a report on Wednesday, May 10th. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 230 ($3.03) price target on shares of Ferrexpo Plc in a report on Friday, July 14th. Finally, Credit Suisse Group raised their price target on shares of Ferrexpo Plc from GBX 167 ($2.20) to GBX 200 ($2.64) and gave the stock a neutral rating in a report on Monday, April 10th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of GBX 144.38 ($1.90).
Ferrexpo Plc (FXPO) opened at 257.80 on Friday. The stock’s 50 day moving average price is GBX 208.22 and its 200-day moving average price is GBX 173.06. The company’s market capitalization is GBX 1.51 billion. Ferrexpo Plc has a 52 week low of GBX 48.06 and a 52 week high of GBX 258.70.
In other Ferrexpo Plc news, insider Christopher Mawe acquired 481 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were purchased at an average price of GBX 173 ($2.28) per share, for a total transaction of £832.13 ($1,097.65).
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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