Ferrexpo Given “Neutral” Rating at Credit Suisse (FXPO)
Ferrexpo (LON:FXPO)‘s stock had its “neutral” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Wednesday, Analyst Ratings News reports. They currently have a GBX 175 ($2.87) price objective on the stock. Credit Suisse’s price objective indicates a potential downside of 2.72% from the company’s current price.
Ferrexpo (LON:FXPO) opened at 180.50 on Wednesday. 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 179.7 and a 200-day moving average of GBX 176.5. The company’s market cap is £1.057 billion.
A number of other firms have also recently commented on FXPO. Analysts at FinnCap reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Thursday, December 19th. They now have a GBX 338 ($5.54) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Wednesday, December 18th. They now have a GBX 338 ($5.54) 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 Wednesday, December 18th. They now have a GBX 250 ($4.10) price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 225.30 ($3.70).
Ferrexpo plc is principally engaged in the production of iron ore pellets, which are used in the manufacture of steel.
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