Ferrexpo Given Average Rating of “Hold” by Analysts (LON:FXPO)
Shares of Ferrexpo (LON:FXPO) have received a consensus recommendation of “Hold” from the twenty-one brokerages that are currently covering the company, American Banking and Market News reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 233.02 ($3.91).
A number of analysts have recently weighed in on FXPO shares. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Ferrexpo in a research note on Wednesday. They now have a GBX 190 ($3.18) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ferrexpo in a research note on Monday, January 27th. They now have a GBX 341 ($5.71) price target on the stock.
Ferrexpo (LON:FXPO) traded down 2.93% on Thursday, hitting GBX 159.20. 731,000 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 289.60. The stock’s 50-day moving average is GBX 169.7 and its 200-day moving average is GBX 178.8. The company’s market cap is £931.9 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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