Ferrexpo Plc (FXPO) Price Target Raised to GBX 130 at Deutsche Bank AG
Ferrexpo Plc (LON:FXPO) had its price objective upped by Deutsche Bank AG from GBX 115 ($1.50) to GBX 130 ($1.70) in a research report released on Wednesday. Deutsche Bank AG currently has a buy rating on the iron ore producer’s stock.
A number of other equities research analysts have also commented on FXPO. Credit Suisse Group AG reissued an underperform rating and issued a GBX 22 ($0.29) price target on shares of Ferrexpo Plc in a research report on Thursday, June 16th. Liberum Capital reaffirmed a sell rating and set a GBX 26 ($0.34) target price on shares of Ferrexpo Plc in a research report on Tuesday, July 5th. JPMorgan Chase & Co. raised their target price on Ferrexpo Plc from GBX 36 ($0.47) to GBX 38 ($0.50) and gave the company a neutral rating in a research report on Wednesday, July 6th. Investec raised their target price on Ferrexpo Plc from GBX 24 ($0.31) to GBX 25 ($0.33) and gave the company a sell rating in a research report on Tuesday, July 19th. Finally, Jefferies Group raised their target price on Ferrexpo Plc from GBX 20 ($0.26) to GBX 30 ($0.39) and gave the company an underperform rating in a research report on Thursday, August 4th. Seven 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. Ferrexpo Plc has an average rating of Sell and an average target price of GBX 41.70 ($0.54).
Ferrexpo Plc (LON:FXPO) traded up 4.79% on Wednesday, reaching GBX 80.95. 592,655 shares of the company traded hands. The firm has a 50 day moving average of GBX 72.02 and a 200-day moving average of GBX 45.78. Ferrexpo Plc has a one year low of GBX 12.50 and a one year high of GBX 85.39. The stock’s market capitalization is GBX 473.93 million.
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.
Receive News & Stock Ratings for Ferrexpo Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrexpo Plc and related stocks with our FREE daily email newsletter.