Ferrexpo Receives Hold Rating from Numis Securities Ltd (FXPO)
Ferrexpo (LON:FXPO)‘s stock had its “hold” rating reiterated by equities researchers at Numis Securities Ltd in a research report issued on Friday, Analyst Ratings Network reports. They currently have a GBX 170 ($2.74) price objective on the stock. Numis Securities Ltd’s price objective suggests a potential downside of 1.73% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Ferrexpo (LON:FXPO) in a research note to investors on Friday, September 27th. They now have a GBX 275 ($4.44) price target on the stock. Separately, analysts at Macquarie upgraded shares of Ferrexpo (LON:FXPO) from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a GBX 180 ($2.90) price target on the stock, up previously from GBX 155 ($2.50). Finally, analysts at Deutsche Bank cut their price target on shares of Ferrexpo (LON:FXPO) from GBX 360 ($5.81) to GBX 338 ($5.45) in a research note to investors on Thursday, September 26th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. Ferrexpo has a consensus rating of “Hold” and a consensus target price of GBX 223.82 ($3.61).
Shares of Ferrexpo (LON:FXPO) opened at 174.43 on Friday. 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 181.2 and its 200-day moving average is GBX 173.3. The company’s market cap is £1.021 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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