Ferrexpo Plc (LON:FXPO) had its price objective raised by Deutsche Bank AG from GBX 115 ($1.50) to GBX 130 ($1.70) in a research note released on Wednesday morning. They currently have a buy rating on the iron ore producer’s stock.
Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Ferrexpo Plc from GBX 40 ($0.52) to GBX 45 ($0.59) and gave the stock a neutral rating in a report on Thursday, August 4th. Credit Suisse Group AG raised shares of Ferrexpo Plc to a neutral rating and upped their price objective for the stock from GBX 28 ($0.37) to GBX 60 ($0.78) in a report on Thursday, August 4th. Liberum Capital reaffirmed a sell rating and issued a GBX 26 ($0.34) price objective on shares of Ferrexpo Plc in a report on Tuesday, July 5th. Investec upped their price objective on shares of Ferrexpo Plc from GBX 24 ($0.31) to GBX 25 ($0.33) and gave the stock a sell rating in a report on Tuesday, July 19th. Finally, Macquarie reaffirmed an underperform rating and issued a GBX 20 ($0.26) price objective on shares of Ferrexpo Plc in a report on Monday, September 5th. Seven analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Sell and a consensus price target of GBX 41.70 ($0.54).
Shares of Ferrexpo Plc (LON:FXPO) opened at 81.33 on Wednesday. The stock’s market capitalization is GBX 476.16 million. The stock’s 50 day moving average is GBX 72.24 and its 200-day moving average is GBX 46.26. Ferrexpo Plc has a one year low of GBX 12.50 and a one year high of GBX 85.39.
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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