Ferrexpo Coverage Initiated by Analysts at Westhouse Securities (FXPO)
Investment analysts at Westhouse Securities began coverage on shares of Ferrexpo (LON:FXPO) in a note issued to investors on Monday, American Banking & Market News reports. The firm set a “buy” rating and a GBX 190 ($3.12) price target on the stock. Westhouse Securities’ target price points to a potential upside of 18.31% from the stock’s previous close.
Ferrexpo (LON:FXPO) traded down 1.31% during mid-day trading on Monday, hitting GBX 158.50. The stock had a trading volume of 850,525 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 172.7 and its 200-day moving average is GBX 179.0. The company’s market cap is £927.8 million.
A number of other analysts have also recently weighed in on FXPO. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Monday, January 27th. They now have a GBX 341 ($5.59) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Friday, January 24th. They now have a GBX 204 ($3.35) price target on the stock. Finally, analysts at Renaissance Capital downgraded shares of Ferrexpo to a “sell” rating in a research note to investors on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 233.02 ($3.82).
Ferrexpo plc is principally engaged in the production of iron ore pellets, which are used in the manufacture of steel.
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