Ferrexpo Price Target Cut to GBX 334 (FXPO)
Equities research analysts at Deutsche Bank reduced their price objective on shares of Ferrexpo (LON:FXPO) from GBX 338 ($5.42) to GBX 334 ($5.36) in a research note issued to investors on Monday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective points to a potential upside of 88.17% from the stock’s previous close.
Shares of Ferrexpo (LON:FXPO) traded up 2.60% during mid-day trading on Monday, hitting GBX 177.50. 751,676 shares of the company’s stock traded hands. Ferrexpo has a 1-year low of GBX 130.10 and a 1-year high of GBX 296.80. The stock’s 50-day moving average is GBX 179.2 and its 200-day moving average is GBX 170.7. The company’s market cap is £1.039 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Friday. They now have a GBX 201 ($3.22) price target on the stock. Separately, analysts at Seymour Pierce reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Friday. They now have a GBX 290 ($4.65) price target on the stock. Finally, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Friday. They now have a GBX 290 ($4.65) price target 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 company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 223.60 ($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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