Ferrexpo (FXPO) PT Lowered to GBX 245
Ferrexpo (LON:FXPO) had its price target reduced by investment analysts at HSBC from GBX 250 ($3.27) to GBX 245 ($3.20) in a report released on Wednesday. The brokerage currently has a “buy” rating on the iron ore producer’s stock. HSBC’s price target points to a potential upside of 21.17% from the stock’s previous close.
Other analysts also recently issued reports about the company. Barclays restated an “overweight” rating on shares of Ferrexpo in a research note on Friday, October 12th. Citigroup restated a “buy” rating and issued a GBX 280 ($3.66) price target on shares of Ferrexpo in a research note on Tuesday, September 25th. Deutsche Bank restated a “hold” rating on shares of Ferrexpo in a research note on Monday, October 15th. Finally, Credit Suisse Group upgraded Ferrexpo to an “outperform” rating and boosted their price target for the company from GBX 210 ($2.74) to GBX 310 ($4.05) in a research note on Monday, November 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Ferrexpo presently has a consensus rating of “Buy” and an average target price of GBX 244.13 ($3.19).
FXPO opened at GBX 202.20 ($2.64) on Wednesday. Ferrexpo has a 1 year low of GBX 136.88 ($1.79) and a 1 year high of GBX 326.60 ($4.27).
Ferrexpo Plc mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry worldwide. The company operates two mines and a processing plant near Kremenchug in Ukraine; a port in Odessa; a fleet of vessels operating on the Rhine and Danube waterways; and an ocean going vessel on international sea routes.
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