Ferrexpo Rating Reiterated by JPMorgan Chase & Co. (FXPO)
Ferrexpo (LON:FXPO)‘s stock had its “underweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Thursday, Stock Ratings News reports.
Shares of Ferrexpo (LON:FXPO) traded down 2.83% on Thursday, hitting GBX 174.90. 829,785 shares of the company’s stock traded hands. 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 179.7 and its 200-day moving average is GBX 176.5. The company’s market cap is £1.024 billion.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. Ferrexpo currently has an average rating of “Hold” and a consensus price target of GBX 229.73 ($3.77).
Ferrexpo plc is principally engaged in the production of iron ore pellets, which are used in the manufacture of steel.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.