Ferrexpo Plc (FXPO) PT Raised to GBX 185 at Deutsche Bank AG
Ferrexpo Plc (LON:FXPO) had its price target hoisted by research analysts at Deutsche Bank AG from GBX 130 ($1.62) to GBX 185 ($2.31) in a research report issued on Monday. The firm presently has a “buy” rating on the iron ore producer’s stock. Deutsche Bank AG’s price target suggests a potential upside of 65.18% from the company’s current price.
Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Ferrexpo Plc from GBX 40 ($0.50) to GBX 45 ($0.56) and gave the stock a “neutral” rating in a report on Thursday, August 4th. Credit Suisse Group AG raised shares of Ferrexpo Plc to a “neutral” rating and raised their price objective for the stock from GBX 28 ($0.35) to GBX 60 ($0.75) in a report on Thursday, August 4th. Investec raised their price objective on shares of Ferrexpo Plc from GBX 24 ($0.30) to GBX 25 ($0.31) and gave the stock a “sell” rating in a report on Tuesday, July 19th. Macquarie reissued an “underperform” rating and set a GBX 20 ($0.25) price objective on shares of Ferrexpo Plc in a report on Monday, September 5th. Finally, Jefferies Group reissued an “underperform” rating and set a GBX 30 ($0.37) price objective on shares of Ferrexpo Plc in a report on Tuesday, August 23rd. Seven equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Sell” and a consensus target price of GBX 52.78 ($0.66).
Ferrexpo Plc (LON:FXPO) opened at 112.00 on Monday. Ferrexpo Plc has a 1-year low of GBX 12.50 and a 1-year high of GBX 130.00. The company has a 50 day moving average of GBX 97.79 and a 200 day moving average of GBX 60.42. The firm’s market capitalization is GBX 655.72 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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