Ferrexpo Stock Rating Reaffirmed by Deutsche Bank (FXPO)
Ferrexpo (LON:FXPO)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank in a report issued on Thursday, Stock Ratings Network reports. They currently have a GBX 338 ($5.40) target price on the stock. Deutsche Bank’s price target points to a potential upside of 74.14% from the company’s current price.
Ferrexpo (LON:FXPO) traded down 1.13% on Thursday, hitting GBX 191.90. 931,926 shares of the company’s stock traded hands. Ferrexpo has a one year low of GBX 130.10 and a one year high of GBX 296.80. The stock has a 50-day moving average of GBX 179.2 and a 200-day moving average of GBX 170.7. The company’s market cap is £1.123 billion.
A number of other firms have also recently commented on FXPO. Analysts at Investec reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Thursday. They now have a GBX 204 ($3.26) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Ferrexpo in a research note to investors on Wednesday, October 9th. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Ferrexpo in a research note to investors on Tuesday, October 8th. They now have a GBX 175 ($2.79) price target on the stock. One research 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. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 227.75 ($3.64).
Ferrexpo plc is principally engaged in the production of iron ore pellets, which are used in the manufacture of steel.
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