Ferrexpo Plc (LON:FXPO) had its price target hoisted by Jefferies Group from GBX 30 ($0.37) to GBX 50 ($0.62) in a research note published on Friday. They currently have an underperform rating on the iron ore producer’s stock.
Other equities analysts have also recently issued reports about the company. Credit Suisse Group AG raised Ferrexpo Plc to a neutral rating and increased their target price for the stock from GBX 28 ($0.35) to GBX 60 ($0.74) in a report on Thursday, August 4th. JPMorgan Chase & Co. increased their target price on Ferrexpo Plc from GBX 40 ($0.50) to GBX 45 ($0.56) and gave the stock a neutral rating in a report on Thursday, August 4th. Deutsche Bank AG reissued a buy rating and issued a GBX 115 ($1.42) target price on shares of Ferrexpo Plc in a report on Thursday, August 4th. Investec increased their target price on Ferrexpo Plc from GBX 24 ($0.30) to GBX 25 ($0.31) and gave the stock a sell rating in a report on Tuesday, July 19th. Finally, Liberum Capital reissued a sell rating and issued a GBX 26 ($0.32) target price on shares of Ferrexpo Plc in a report on Tuesday, July 5th. Seven equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Ferrexpo Plc has an average rating of Sell and an average target price of GBX 43.70 ($0.54).
Ferrexpo Plc (LON:FXPO) traded up 5.88% during midday trading on Friday, reaching GBX 103.50. The company’s stock had a trading volume of 1,682,459 shares. Ferrexpo Plc has a 52 week low of GBX 12.50 and a 52 week high of GBX 103.53. The stock has a 50 day moving average of GBX 74.09 and a 200 day moving average of GBX 48.28. The firm’s market capitalization is GBX 605.95 million.
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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