Ferrexpo Rating Reiterated by JPMorgan Chase & Co. (FXPO)
Ferrexpo (LON:FXPO)‘s stock had its “underweight” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Thursday, Analyst Ratings.Net reports. They currently have a GBX 135 ($2.14) target price on the stock. JPMorgan Chase & Co.’s price objective indicates a potential downside of 26.47% from the company’s current price.
Ferrexpo (LON:FXPO) opened at 191.70 on Thursday. Ferrexpo has a 52-week low of GBX 130.10 and a 52-week high of GBX 296.80. The stock’s 50-day moving average is GBX 180.4 and its 200-day moving average is GBX 173.1. The company’s market cap is £1.122 billion.
A number of other firms have also recently commented on FXPO. Analysts at Investec reiterated a “buy” rating on shares of Ferrexpo (LON:FXPO) in a research note to investors on Wednesday. They now have a GBX 201 ($3.19) price target on the stock. Separately, analysts at Seymour Pierce reiterated a “buy” rating on shares of Ferrexpo (LON:FXPO) in a research note to investors on Wednesday. They now have a GBX 290 ($4.60) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ferrexpo (LON:FXPO) in a research note to investors on Wednesday. They now have a GBX 360 ($5.72) price target on the stock.
One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. Ferrexpo currently has a consensus rating of “Hold” and an average target price of GBX 228.28 ($3.62).
Ferrexpo plc is principally engaged in the production of iron ore pellets, which are used in the manufacture of steel.
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