Ferrexpo Plc (FXPO) Price Target Cut to GBX 270

Ferrexpo Plc (LON:FXPO) had its price objective decreased by analysts at Deutsche Bank AG from GBX 280 ($3.57) to GBX 270 ($3.44) in a note issued to investors on Thursday, Marketbeat reports. The brokerage currently has a “buy” rating on the iron ore producer’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 45.47% from the stock’s current price.

FXPO has been the topic of several other research reports. Credit Suisse Group boosted their price objective on shares of Ferrexpo Plc from GBX 167 ($2.13) to GBX 200 ($2.55) and gave the stock a “neutral” rating in a report on Monday, April 10th. J P Morgan Chase & Co dropped their price objective on shares of Ferrexpo Plc from GBX 195 ($2.48) to GBX 180 ($2.29) and set an “overweight” rating on the stock in a report on Monday, June 5th. Liberum Capital restated a “sell” rating and set a GBX 70 ($0.89) price objective on shares of Ferrexpo Plc in a report on Wednesday, May 10th. Finally, Barclays PLC boosted their price objective on shares of Ferrexpo Plc from GBX 50 ($0.64) to GBX 130 ($1.66) and gave the stock an “underweight” rating in a report on Friday, April 21st. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 118.13 ($1.50).

Analyst Recommendations for Ferrexpo Plc (LON:FXPO)

Ferrexpo Plc (LON:FXPO) opened at 185.90 on Thursday. Ferrexpo Plc has a 12 month low of GBX 28.50 and a 12 month high of GBX 197.45. The company’s market cap is GBX 1.09 billion. The stock’s 50 day moving average is GBX 171.53 and its 200 day moving average is GBX 156.98.

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In other news, insider Christopher Mawe sold 12,821 shares of Ferrexpo Plc stock in a transaction dated Wednesday, April 12th. The shares were sold at an average price of GBX 159 ($2.03), for a total transaction of £20,385.39 ($25,971.96).

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:FXPO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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