Ferrexpo Plc (LON:FXPO) Receives Average Recommendation of “Hold” from Analysts
Ferrexpo Plc (LON:FXPO) has been given an average recommendation of “Hold” by the eight analysts that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 143.75 ($1.90).
A number of analysts recently weighed in on the stock. Credit Suisse Group increased their price target on shares of Ferrexpo Plc from GBX 167 ($2.20) to GBX 200 ($2.64) and gave the company a “neutral” rating in a research report on Monday, April 10th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 180 ($2.37) price target on shares of Ferrexpo Plc in a research report on Monday, July 10th. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 230 ($3.03) price target on shares of Ferrexpo Plc in a research report on Friday, July 14th. Liberum Capital reiterated a “sell” rating and issued a GBX 70 ($0.92) price target on shares of Ferrexpo Plc in a research report on Thursday. Finally, Deutsche Bank AG cut their price target on shares of Ferrexpo Plc from GBX 280 ($3.69) to GBX 270 ($3.56) and set a “buy” rating on the stock in a research report on Thursday, June 22nd.
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Shares of Ferrexpo Plc (LON:FXPO) traded up 2.63% during trading on Friday, hitting GBX 245.90. 4,886,539 shares of the stock traded hands. Ferrexpo Plc has a 1-year low of GBX 48.06 and a 1-year high of GBX 247.90. The company’s market cap is GBX 1.45 billion. The company has a 50 day moving average of GBX 208.22 and a 200-day moving average of GBX 173.06.
In other Ferrexpo Plc news, insider Christopher Mawe bought 481 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was acquired at an average cost of GBX 173 ($2.28) per share, with a total value of £832.13 ($1,097.65).
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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