Liberum Capital Reiterates “Sell” Rating for Ferrexpo Plc (FXPO)
Ferrexpo Plc (LON:FXPO)‘s stock had its “sell” rating reiterated by investment analysts at Liberum Capital in a research note issued to investors on Monday. They currently have a GBX 130 ($1.72) price target on the iron ore producer’s stock. Liberum Capital’s price target indicates a potential downside of 48.86% from the company’s previous close.
Other equities analysts also recently issued research reports about the stock. Barclays PLC reissued an “underweight” rating and issued a GBX 130 ($1.72) price objective on shares of Ferrexpo Plc in a research note on Friday, July 14th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 270 ($3.56) price objective on shares of Ferrexpo Plc in a research note on Friday, August 4th. J P Morgan Chase & Co downgraded shares of Ferrexpo Plc to a “neutral” rating and boosted their price objective for the stock from GBX 180 ($2.38) to GBX 190 ($2.51) in a research note on Friday, August 4th. HSBC Holdings plc downgraded shares of Ferrexpo Plc to a “hold” rating and reduced their price objective for the stock from GBX 230 ($3.04) to GBX 225 ($2.97) in a research note on Friday, August 4th. Finally, Credit Suisse Group boosted their price objective on shares of Ferrexpo Plc from GBX 200 ($2.64) to GBX 250 ($3.30) and gave the stock a “neutral” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 212.50 ($2.80).
Ferrexpo Plc (LON FXPO) opened at 254.20 on Monday. The company’s market cap is GBX 1.49 billion. The stock has a 50 day moving average price of GBX 286.33 and a 200 day moving average price of GBX 229.81. Ferrexpo Plc has a 12 month low of GBX 91.73 and a 12 month high of GBX 326.60.
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 ($4.13), for a total transaction of £12,520 ($16,521.51). Also, insider Oliver A. G. Baring sold 6,000 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of GBX 277 ($3.66), for a total value of £16,620 ($21,931.91).
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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