Ferrexpo (FXPO) PT Raised to GBX 340
Ferrexpo (LON:FXPO) had its price target raised by stock analysts at Credit Suisse Group from GBX 247.64 ($3.36) to GBX 340 ($4.61) in a report issued on Wednesday. The brokerage presently has a “neutral” rating on the iron ore producer’s stock. Credit Suisse Group’s price target would suggest a potential upside of 9.61% from the stock’s previous close.
Several other research firms have also commented on FXPO. Barclays reissued an “underweight” rating and issued a GBX 215 ($2.92) price target on shares of Ferrexpo in a research report on Monday, January 8th. Deutsche Bank lowered Ferrexpo to a “hold” rating and upped their target price for the company from GBX 270 ($3.66) to GBX 280 ($3.80) in a research report on Friday, October 6th. Liberum Capital reiterated a “sell” rating and set a GBX 130 ($1.76) price target on shares of Ferrexpo in a research note on Monday, October 30th. Finally, JPMorgan Chase & Co. dropped their price target on Ferrexpo from GBX 190 ($2.58) to GBX 175 ($2.37) and set a “neutral” rating on the stock in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 238.33 ($3.23).
Ferrexpo (LON FXPO) traded up GBX 0.30 ($0.00) on Wednesday, hitting GBX 310.20 ($4.21). The stock had a trading volume of 2,180,000 shares, compared to its average volume of 1,960,000. The company has a market cap of $1,830.00 and a price-to-earnings ratio of 775.50. Ferrexpo has a 52-week low of GBX 122.97 ($1.67) and a 52-week high of GBX 326.60 ($4.43).
Ferrexpo 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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