Ferrexpo (LON:FXPO) Stock Price Up 13.3% – Should You Buy?

Shares of Ferrexpo plc (LON:FXPO) were up 13.3% during mid-day trading on Thursday . The stock traded as high as GBX 84.04 and last traded at GBX 78.50. Approximately 9,049,377 shares changed hands during trading, an increase of 285% from the average daily volume of 2,348,607 shares. The stock had previously closed at GBX 69.30.

Key Stories Impacting Ferrexpo

Here are the key news stories impacting Ferrexpo this week:

• Neutral Sentiment: Full article text (copy/paste).
• Neutral Sentiment: Links to the articles (one per line).
• Neutral Sentiment: Titles + short excerpts if you prefer.

Analysts Set New Price Targets

Separately, Peel Hunt reiterated a “hold” rating and set a GBX 53 target price on shares of Ferrexpo in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 53.

Ferrexpo Stock Performance

The stock has a 50 day moving average of GBX 69.05 and a 200 day moving average of GBX 58.39. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33. The firm has a market cap of £461.89 million, a price-to-earnings ratio of -1.53, a P/E/G ratio of -0.18 and a beta of 1.26.

Ferrexpo Company Profile

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group’s iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore.

Ferrexpo’s operations have been supplying the global steel industry for over 50 years, and in 2022 the Group produced 6.1 million tonnes of iron ore pellets, despite the war in Ukraine.