Shares of Ferrexpo Plc (LON:FXPO) have earned an average recommendation of “Sell” from the twelve ratings firms that are presently covering the company. Seven research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 46.11 ($0.57).
A number of equities analysts recently commented on FXPO shares. Deutsche Bank AG restated a “buy” rating on shares of Ferrexpo Plc in a report on Wednesday, August 10th. Macquarie restated an “underperform” rating and set a GBX 20 ($0.25) target price on shares of Ferrexpo Plc in a report on Monday, August 22nd. Jefferies Group upped their target price on Ferrexpo Plc from GBX 30 ($0.37) to GBX 50 ($0.62) and gave the company an “underperform” rating in a report on Friday. Investec upped their target price on Ferrexpo Plc from GBX 24 ($0.30) to GBX 25 ($0.31) and gave the company a “sell” rating in a report on Tuesday, July 19th. Finally, JPMorgan Chase & Co. upped their target price on Ferrexpo Plc from GBX 45 ($0.56) to GBX 50 ($0.62) and gave the company a “neutral” rating in a report on Thursday, September 15th.
Ferrexpo Plc (LON:FXPO) opened at 97.75 on Tuesday. Ferrexpo Plc has a 52 week low of GBX 12.50 and a 52 week high of GBX 99.96. The company’s market capitalization is GBX 572.29 million. The firm’s 50-day moving average price is GBX 74.09 and its 200 day moving average price is GBX 48.28.
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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