Barclays Reiterates Equal weight Rating for Ferrexpo (FXPO)
Ferrexpo (LON:FXPO)‘s stock had its “equal weight” rating restated by stock analysts at Barclays in a report issued on Thursday, Analyst Ratings Network reports. They currently have a GBX 200 ($3.28) target price on the stock. Barclays’ price objective would suggest a potential upside of 14.35% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Ferrexpo in a research note to investors on Thursday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Wednesday. They now have a GBX 338 ($5.54) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Ferrexpo in a research note to investors on Wednesday. They now have a GBX 175 ($2.87) price target on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 229.73 ($3.77).
Ferrexpo (LON:FXPO) traded down 2.83% during mid-day trading on Thursday, hitting GBX 174.90. 829,785 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 179.7 and its 200-day moving average is GBX 176.5. The company’s market cap is £1.024 billion.
Ferrexpo plc is principally engaged in the production of iron ore pellets, which are used in the manufacture of steel.
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