Ferrexpo’s Underweight Rating Reaffirmed at JPMorgan Chase & Co. (FXPO)
Ferrexpo (LON:FXPO)‘s stock had its “underweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday, AnalystRatingsNetwork reports.
Ferrexpo (LON:FXPO) traded down 2.36% on Wednesday, hitting GBX 169.70. 813,514 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 £993.3 million.
A number of other firms have also recently commented on FXPO. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Ferrexpo in a research note to investors on Tuesday. They now have a GBX 175 ($2.81) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Ferrexpo in a research note to investors on Monday. They now have a GBX 200 ($3.21) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Monday. They now have a GBX 334 ($5.36) price target on the stock, down previously from GBX 338 ($5.42). One research 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. The company presently has a consensus rating of “Hold” and an average target price of GBX 227.34 ($3.65).
Ferrexpo plc is principally engaged in the production of iron ore pellets, which are used in the manufacture of steel.
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