Ferrexpo Price Target Cut to GBX 338 by Analysts at Deutsche Bank (FXPO)
Stock analysts at Deutsche Bank lowered their price target on shares of Ferrexpo (LON:FXPO) from GBX 360 ($5.77) to GBX 338 ($5.41) in a report issued on Thursday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 85.71% from the stock’s previous close.
Ferrexpo (LON:FXPO) traded up 2.59% during mid-day trading on Thursday, hitting GBX 182.00. The stock had a trading volume of 1,431,392 shares. Ferrexpo has a 52 week low of GBX 130.10 and a 52 week high of GBX 296.80. The stock has a 50-day moving average of GBX 181.2 and a 200-day moving average of GBX 173.3. The company’s market cap is £1.065 billion.
FXPO has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. cut their price target on shares of Ferrexpo (LON:FXPO) from GBX 230 ($3.68) to GBX 220 ($3.52) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Ferrexpo (LON:FXPO) in a research note to investors on Thursday, September 19th. They now have a GBX 270 ($4.32) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Ferrexpo (LON:FXPO) in a research note to investors on Thursday, September 19th. They now have a GBX 135 ($2.16) price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 223.82 ($3.59).
Ferrexpo plc is principally engaged in the production of iron ore pellets, which are used in the manufacture of steel.
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