Ferrexpo Plc (FXPO) Rating Reiterated by Barclays PLC
Ferrexpo Plc (LON:FXPO)‘s stock had its “underweight” rating reiterated by equities researchers at Barclays PLC in a research note issued on Thursday.
Several other research analysts have also commented on the company. JPMorgan Chase & Co. raised their price target on Ferrexpo Plc from GBX 50 ($0.62) to GBX 55 ($0.68) and gave the stock a “neutral” rating in a research report on Monday, November 7th. Credit Suisse Group AG restated a “neutral” rating and set a GBX 60 ($0.74) price target on shares of Ferrexpo Plc in a research report on Monday, October 31st. Jefferies Group raised their price target on Ferrexpo Plc from GBX 30 ($0.37) to GBX 50 ($0.62) and gave the stock an “underperform” rating in a research report on Friday, October 14th. Deutsche Bank AG raised their price target on Ferrexpo Plc from GBX 115 ($1.42) to GBX 130 ($1.61) and gave the stock a “buy” rating in a research report on Wednesday, October 5th. Finally, Macquarie restated an “underperform” rating and set a GBX 20 ($0.25) price target on shares of Ferrexpo Plc in a research report on Monday, September 5th. Seven analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Ferrexpo Plc currently has an average rating of “Sell” and a consensus price target of GBX 46.67 ($0.58).
Ferrexpo Plc (LON:FXPO) opened at 110.358 on Thursday. The company’s 50-day moving average price is GBX 96.03 and its 200 day moving average price is GBX 59.06. The firm’s market capitalization is GBX 646.10 million. Ferrexpo Plc has a 12 month low of GBX 12.50 and a 12 month high of GBX 130.00.
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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