Fortescue Metals Group Limited Given “Hold” Rating at Deutsche Bank (FMG)
Fortescue Metals Group Limited (ASX:FMG)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank in a research report issued on Wednesday, AnalystRatings.NET reports. They currently have a $5.00 target price on the stock.
Shares of Fortescue Metals Group Limited (ASX:FMG) opened at 4.810 on Wednesday. Fortescue Metals Group Limited has a 1-year low of A$2.870 and a 1-year high of A$6.220. The stock’s 50-day moving average is A$5.24 and its 200-day moving average is A$5.4. The company has a market cap of A$14.977 billion and a P/E ratio of 5.04.
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 analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of A$5.65 ($5.23).
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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