Brokerages Set Ferrexpo Plc (FXPO) Target Price at $64.17

Ferrexpo Plc (LON:FXPO) has been given a consensus recommendation of “Hold” by the ten analysts that are covering the firm. Six analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 64.17 ($0.81).

FXPO has been the subject of a number of analyst reports. Credit Suisse Group AG downgraded Ferrexpo Plc to an “underperform” rating and lifted their price target for the company from GBX 60 ($0.75) to GBX 120 ($1.51) in a research note on Wednesday, December 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 105 ($1.32) price target on shares of Ferrexpo Plc in a research note on Wednesday, December 14th. Barclays PLC reiterated an “underweight” rating and set a GBX 50 ($0.63) price target on shares of Ferrexpo Plc in a research note on Monday, January 9th. Liberum Capital lifted their price target on Ferrexpo Plc from GBX 26 ($0.33) to GBX 70 ($0.88) and gave the company a “sell” rating in a research note on Thursday, January 26th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Ferrexpo Plc in a research note on Thursday, March 23rd.

Ferrexpo Plc (LON:FXPO) opened at 157.40 on Thursday. Ferrexpo Plc has a 52-week low of GBX 25.00 and a 52-week high of GBX 178.70. The stock has a 50 day moving average price of GBX 162.59 and a 200 day moving average price of GBX 127.22. The firm’s market cap is GBX 921.65 million.

The company also recently announced a dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Thursday, May 4th will be given a dividend of GBX 0.03 ($0.00) per share. The ex-dividend date is Thursday, May 4th. This represents a dividend yield of 1.54%.

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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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