Jefferies Group Reiterates Hold Rating for Ferrexpo (FXPO)
Ferrexpo (LON:FXPO)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group in a report released on Monday, AR Network reports. They currently have a GBX 200 ($3.21) price target on the stock. Jefferies Group’s target price suggests a potential upside of 13.83% from the company’s current price.
Shares of Ferrexpo (LON:FXPO) opened at 172.64 on Monday. 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 £1.011 billion.
A number of other analysts have also recently weighed in on FXPO. Analysts at Deutsche Bank cut their price target on shares of Ferrexpo from GBX 338 ($5.42) to GBX 334 ($5.36) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. Ferrexpo has a consensus rating of “Hold” and an average 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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