Ferrexpo Rating Reiterated by Cantor Fitzgerald Europe (FXPO)
Ferrexpo (LON:FXPO)‘s stock had its “buy” rating restated by Cantor Fitzgerald Europe in a research note issued on Tuesday, Analyst Ratings News reports. They currently have a GBX 250 ($4.12) price objective on the stock. Cantor Fitzgerald Europe’s price target points to a potential upside of 41.56% from the company’s current price.
A number of other firms have also recently commented on FXPO. Analysts at Numis Securities Ltd raised their price target on shares of Ferrexpo from GBX 170 ($2.80) to GBX 190 ($3.13) in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Ferrexpo in a research note to investors on Thursday, January 9th. They now have a GBX 200 ($3.30) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Ferrexpo in a research note to investors on Thursday, January 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 230.90 ($3.81).
Ferrexpo (LON:FXPO) opened at 174.40 on Tuesday. Ferrexpo has a one year low of GBX 130.10 and a one year high of GBX 296.80. The stock’s 50-day moving average is GBX 179.6 and its 200-day moving average is GBX 177.3. The company’s market cap is £1.021 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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