Ferrexpo Given New GBX 220 Price Target at Citigroup Inc. (FXPO)
Equities research analysts at Citigroup Inc. lowered their price target on shares of Ferrexpo (LON:FXPO) from GBX 230 ($3.68) to GBX 220 ($3.52) in a research note issued to investors on Monday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s target price suggests a potential upside of 22.36% from the company’s current price.
A number of other analysts have also recently weighed in on FXPO. Analysts at UBS AG reiterated a “buy” rating on shares of Ferrexpo (LON:FXPO) in a research note to investors on Thursday. They now have a GBX 270 ($4.32) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Ferrexpo (LON:FXPO) in a research note to investors on Thursday. They now have a GBX 135 ($2.16) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Ferrexpo (LON:FXPO) in a research note to investors on Wednesday, September 18th. They now have a GBX 201 ($3.22) price target on the stock.
One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 227.69 ($3.65).
Ferrexpo (LON:FXPO) traded down 1.32% on Monday, hitting GBX 179.80. The stock had a trading volume of 576,821 shares. Ferrexpo has a one year low of GBX 130.10 and a one year high of GBX 296.80. The stock’s 50-day moving average is GBX 181.2 and its 200-day moving average is GBX 173.3. The company’s market cap is £1.052 billion.
Ferrexpo plc is principally engaged in the production of iron ore pellets, which are used in the manufacture of steel.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.