Ferrexpo Receives Buy Rating from Deutsche Bank (FXPO)
Ferrexpo (LON:FXPO)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research note issued on Monday, Analyst Ratings.Net reports. They currently have a GBX 341 ($5.62) target price on the stock. Deutsche Bank’s price target points to a potential upside of 115.96% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Friday. They now have a GBX 204 ($3.36) price target on the stock. Separately, analysts at Renaissance Capital downgraded shares of Ferrexpo to a “sell” rating in a research note to investors on Thursday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 235.89 ($3.89).
Ferrexpo (LON:FXPO) traded down 2.41% on Monday, hitting GBX 157.90. The stock had a trading volume of 1,338,774 shares. 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 178.6 and its 200-day moving average is GBX 179.5. The company’s market cap is £924.3 million.
Ferrexpo plc is principally engaged in the production of iron ore pellets, which are used in the manufacture of steel.
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