Ferrexpo’s Buy Rating Reaffirmed at Seymour Pierce (FXPO)
Ferrexpo (LON:FXPO)‘s stock had its “buy” rating restated by equities researchers at Seymour Pierce in a research report issued on Friday, StockRatingsNetwork.com reports. They currently have a GBX 290 ($4.68) price objective on the stock. Seymour Pierce’s target price indicates a potential upside of 67.63% from the stock’s previous close.
Shares of Ferrexpo (LON:FXPO) traded up 0.06% on Friday, hitting GBX 175.70. 578,679 shares of the company’s stock traded hands. 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 £1.028 billion.
FXPO has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Ferrexpo (LON:FXPO) in a research note to investors on Friday. They now have a GBX 290 ($4.68) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Ferrexpo (LON:FXPO) in a research note to investors on Friday. They now have a GBX 170 ($2.74) price target on the stock. Finally, 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 223.82 ($3.61).
Ferrexpo plc is principally engaged in the production of iron ore pellets, which are used in the manufacture of steel.
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