Ferrexpo (LON:FXPO) Stock Price Up 13.3% – Here’s What Happened

Ferrexpo plc (LON:FXPO) shares rose 13.3% on Thursday . The stock traded as high as GBX 84.04 and last traded at GBX 78.50. Approximately 9,049,377 shares were traded during trading, an increase of 285% from the average daily volume of 2,348,607 shares. The stock had previously closed at GBX 69.30.

Analysts Set New Price Targets

Separately, Peel Hunt restated a “hold” rating and issued a GBX 53 price objective on shares of Ferrexpo in a report on Monday, November 10th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 53.

Ferrexpo Stock Performance

The company has a market capitalization of £461.89 million, a price-to-earnings ratio of -1.53, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The firm has a 50-day simple moving average of GBX 69.60 and a two-hundred day simple moving average of GBX 58.53.

Ferrexpo Company Profile

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group’s iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore.

Ferrexpo’s operations have been supplying the global steel industry for over 50 years, and in 2022 the Group produced 6.1 million tonnes of iron ore pellets, despite the war in Ukraine.