Ferrexpo Given New GBX 190 Price Target at Numis Securities Ltd (FXPO)
Numis Securities Ltd hoisted their price objective on shares of Ferrexpo (LON:FXPO) from GBX 170 ($2.80) to GBX 190 ($3.13) in a research note issued on Monday, AR Network reports. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 8.45% from the stock’s previous close.
FXPO has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of Ferrexpo in a research note to investors on Thursday. They now have a GBX 200 ($3.30) 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 Thursday. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Wednesday, January 8th. They now have a GBX 338 ($5.57) price target on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. Ferrexpo currently has an average rating of “Hold” and a consensus target price of GBX 230.90 ($3.81).
Ferrexpo plc is principally engaged in the production of iron ore pellets, which are used in the manufacture of steel.
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