Ferrexpo Upgraded to “Neutral” by Macquarie (FXPO)
Ferrexpo (LON:FXPO) was upgraded by Macquarie from an “underperform” rating to a “neutral” rating in a research note issued on Thursday, Analyst Ratings Network reports. The firm currently has a GBX 180 ($2.88) price target on the stock, up from their previous price target of GBX 155 ($2.48). Macquarie’s price objective points to a potential downside of 1.10% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Ferrexpo (LON:FXPO) from GBX 360 ($5.77) to GBX 338 ($5.41) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 223.82 ($3.59).
Shares of Ferrexpo (LON:FXPO) traded up 2.59% during mid-day trading on Thursday, hitting GBX 182.00. 1,431,392 shares of the company’s stock traded hands. 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 £1.065 billion.
Ferrexpo plc is principally engaged in the production of iron ore pellets, which are used in the manufacture of steel.
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