Ferrexpo Given Buy Rating at Investec (FXPO)
Ferrexpo (LON:FXPO)‘s stock had its “buy” rating restated by equities research analysts at Investec in a research note issued to investors on Thursday, Analyst RN reports. They currently have a GBX 204 ($3.36) target price on the stock. Investec’s price objective would indicate a potential upside of 15.84% from the company’s current price.
A number of other firms have also recently commented on FXPO. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Tuesday. They now have a GBX 250 ($4.12) price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 229.71 ($3.79).
Shares of Ferrexpo (LON:FXPO) traded up 2.09% during mid-day trading on Thursday, hitting GBX 176.10. 1,675,515 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 has a 50-day moving average of GBX 179.5 and a 200-day moving average of GBX 177.8. The company’s market cap is £1.031 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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