Fortescue Metals Group Limited Rating Reiterated by Deutsche Bank (FMG)
Fortescue Metals Group Limited (ASX:FMG)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Tuesday, Stock Ratings News reports. They currently have a $5.00 price objective on the stock.
FMG has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of Fortescue Metals Group Limited in a research note on Sunday, March 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of A$5.65 ($5.23).
Shares of Fortescue Metals Group Limited (ASX:FMG) traded up 0.20% during mid-day trading on Tuesday, hitting A$5.010. 14,563,075 shares of the company’s stock traded hands. Fortescue Metals Group Limited has a 52 week low of A$2.870 and a 52 week high of A$6.220. The stock has a 50-day moving average of A$5.24 and a 200-day moving average of A$5.4. The company has a market cap of A$15.600 billion and a P/E ratio of 5.22.
Fortescue Metals Group Limited (ASX:FMG) is an iron ore producer and explorer operating in the Pilbara region of Western Australia.
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