Ferrexpo Plc (FXPO) Sets New 1-Year High at $316.00
Ferrexpo Plc (LON:FXPO) reached a new 52-week high on Tuesday . The stock traded as high as GBX 316 ($4.08) and last traded at GBX 313.50 ($4.05), with a volume of 1,715,097 shares trading hands. The stock had previously closed at GBX 312.70 ($4.04).
FXPO has been the subject of several research analyst reports. Deutsche Bank AG decreased their price objective on Ferrexpo Plc from GBX 280 ($3.62) to GBX 270 ($3.49) and set a “buy” rating for the company in a report on Thursday, June 22nd. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 230 ($2.97) price target on shares of Ferrexpo Plc in a report on Friday, July 14th. J P Morgan Chase & Co downgraded Ferrexpo Plc to a “neutral” rating and increased their price target for the stock from GBX 180 ($2.32) to GBX 190 ($2.45) in a report on Friday, August 4th. Credit Suisse Group increased their price target on Ferrexpo Plc from GBX 200 ($2.58) to GBX 250 ($3.23) and gave the stock a “neutral” rating in a report on Tuesday, August 8th. Finally, Liberum Capital reaffirmed a “sell” rating and set a GBX 70 ($0.90) price target on shares of Ferrexpo Plc in a report on Wednesday, May 10th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 169.29 ($2.19).
The firm’s market capitalization is GBX 1.81 billion. The company’s 50 day moving average price is GBX 264.06 and its 200-day moving average price is GBX 195.69.
The company also recently disclosed a dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 10th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a dividend yield of 0.95%.
In other news, insider Oliver A. G. Baring sold 4,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of GBX 313 ($4.04), for a total value of £12,520 ($16,169.44).
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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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