Jefferies Group Increases Ferrexpo Plc (FXPO) Price Target to GBX 50
Ferrexpo Plc (LON:FXPO) had its price objective hoisted by analysts at Jefferies Group from GBX 30 ($0.37) to GBX 50 ($0.61) in a research report issued to clients and investors on Friday. The brokerage currently has an “underperform” rating on the iron ore producer’s stock. Jefferies Group’s price target indicates a potential downside of 51.22% from the stock’s current price.
Several other analysts have also issued reports on the company. Deutsche Bank AG restated a “buy” rating on shares of Ferrexpo Plc in a research note on Wednesday, August 10th. Macquarie restated an “underperform” rating and issued a GBX 20 ($0.24) price objective on shares of Ferrexpo Plc in a research note on Monday, August 22nd. Investec upped their price objective on Ferrexpo Plc from GBX 24 ($0.29) to GBX 25 ($0.30) and gave the company a “sell” rating in a research note on Tuesday, July 19th. JPMorgan Chase & Co. upped their price objective on Ferrexpo Plc from GBX 45 ($0.55) to GBX 50 ($0.61) and gave the company a “neutral” rating in a research note on Thursday, September 15th. Finally, Barclays PLC restated an “underweight” rating on shares of Ferrexpo Plc in a research note on Wednesday, September 21st. Seven research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Sell” and an average price target of GBX 43.70 ($0.53).
Ferrexpo Plc (LON:FXPO) opened at 105.05 on Friday. Ferrexpo Plc has a 52 week low of GBX 12.50 and a 52 week high of GBX 107.89. The company’s 50-day moving average price is GBX 75.04 and its 200 day moving average price is GBX 49.12. The company’s market cap is GBX 615.03 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.
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