Ferrexpo Plc (FXPO) Given Consensus Rating of “Sell” by Brokerages
Ferrexpo Plc (LON:FXPO) has earned an average rating of “Sell” from the twelve research firms that are covering the stock. Seven analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 43.89 ($0.54).
Several research analysts have recently issued reports on the company. Credit Suisse Group AG increased their price target on Ferrexpo Plc from GBX 22 ($0.27) to GBX 25 ($0.31) and gave the stock an “underperform” rating in a research note on Thursday, June 30th. JPMorgan Chase & Co. increased their price target on Ferrexpo Plc from GBX 40 ($0.50) to GBX 45 ($0.56) and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Jefferies Group raised their target price on Ferrexpo Plc from GBX 20 ($0.25) to GBX 30 ($0.37) and gave the company an “underperform” rating in a research note on Thursday, August 4th. Macquarie reaffirmed an “underperform” rating and set a GBX 20 ($0.25) target price on shares of Ferrexpo Plc in a research note on Monday, September 5th. Finally, Deutsche Bank AG raised their target price on Ferrexpo Plc from GBX 105 ($1.30) to GBX 115 ($1.42) and gave the company a “buy” rating in a research note on Wednesday, July 6th.
Ferrexpo Plc (LON:FXPO) traded up 3.83% during mid-day trading on Tuesday, reaching GBX 88.00. The company’s stock had a trading volume of 2,011,093 shares. Ferrexpo Plc has a 1-year low of GBX 12.50 and a 1-year high of GBX 88.90. The firm’s market capitalization is GBX 515.21 million. The firm has a 50-day moving average of GBX 72.25 and a 200 day moving average of GBX 46.86.
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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