Ferrexpo Plc (FXPO) PT Lowered to GBX 175 at J P Morgan Chase & Co
Ferrexpo Plc (LON:FXPO) had its price target trimmed by J P Morgan Chase & Co from GBX 190 ($2.52) to GBX 175 ($2.32) in a report released on Friday. The brokerage currently has a neutral rating on the iron ore producer’s stock.
Several other equities analysts also recently weighed in on the company. Deutsche Bank AG downgraded Ferrexpo Plc to a hold rating and lifted their target price for the company from GBX 270 ($3.58) to GBX 280 ($3.71) in a research report on Friday. Credit Suisse Group lifted their target price on Ferrexpo Plc from GBX 200 ($2.65) to GBX 250 ($3.32) and gave the company a neutral rating in a research report on Tuesday, August 8th. HSBC Holdings plc downgraded Ferrexpo Plc to a hold rating and dropped their target price for the company from GBX 230 ($3.05) to GBX 225 ($2.98) in a research report on Friday, August 4th. Liberum Capital reaffirmed a sell rating and issued a GBX 70 ($0.93) target price on shares of Ferrexpo Plc in a research report on Thursday, August 3rd. Finally, Barclays PLC reaffirmed an underweight rating and issued a GBX 130 ($1.72) target price on shares of Ferrexpo Plc in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 168.57 ($2.24).
Shares of Ferrexpo Plc (LON:FXPO) opened at 294.50 on Friday. The company has a 50-day moving average of GBX 296.99 and a 200-day moving average of GBX 216.47. The stock’s market capitalization is GBX 1.72 billion. Ferrexpo Plc has a 1-year low of GBX 78.50 and a 1-year high of GBX 326.60.
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In other news, insider Oliver A. G. Baring sold 4,000 shares of Ferrexpo Plc stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of GBX 313 ($4.15), for a total value of £12,520 ($16,606.98).
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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