Ferrexpo Plc’s (FXPO) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.
Ferrexpo Plc (LON:FXPO)‘s stock had its “neutral” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research report issued on Thursday. They presently have a GBX 50 ($0.65) price objective on the iron ore producer’s stock. JPMorgan Chase & Co.’s price objective indicates a potential downside of 35.28% from the stock’s current price.
Several other research analysts have also recently commented on FXPO. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a GBX 22 ($0.29) target price on shares of Ferrexpo Plc in a research report on Thursday, June 16th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ferrexpo Plc in a research report on Friday, June 24th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 26 ($0.34) target price on shares of Ferrexpo Plc in a research report on Tuesday, July 5th. Investec raised their target price on Ferrexpo Plc from GBX 24 ($0.31) to GBX 25 ($0.33) and gave the stock 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 stock an “underperform” rating in a research report on Thursday, August 4th. Seven research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Sell” and an average price target of GBX 41.70 ($0.54).
Ferrexpo Plc (LON:FXPO) opened at 77.25 on Thursday. The company’s market cap is GBX 452.27 million. Ferrexpo Plc has a 12 month low of GBX 12.50 and a 12 month high of GBX 85.39. The company has a 50-day moving average of GBX 72.02 and a 200-day moving average of GBX 45.78.
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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