Fortescue Metals Group Stock Rating Reaffirmed by Morgan Stanley (FMG)
Fortescue Metals Group (ASX:FMG)‘s stock had its “overweight” rating reiterated by research analysts at Morgan Stanley in a report released on Thursday, Analyst Ratings Network.com reports.
FMG has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Fortescue Metals Group (ASX:FMG) in a research note to investors on Friday, August 9th.
Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Fortescue Metals Group presently has a consensus rating of “Buy” and a consensus price target of A$4.85 ($4.49).
Shares of Fortescue Metals Group (ASX:FMG) remained flat at A$4.580 during trading on Thursday. 22,778,058 shares of the company’s stock traded hands. Fortescue Metals Group has a 52-week low of A$0.000 and a 52-week high of A$0.000. The stock has a 50-day moving average of A$0.0 and a 200-day moving average of A$0.0. The company has a market cap of A$14.261 billion and a price-to-earnings ratio of 8.16.
Fortescue Metals Group Limited (ASX:FMG) is an iron ore producer and explorer.
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