Numis Securities Ltd Reiterates Hold Rating for Ferrexpo Plc (FXPO)
Ferrexpo Plc (LON:FXPO)‘s stock had its “hold” rating reaffirmed by equities researchers at Numis Securities Ltd in a research report issued on Tuesday. They currently have a GBX 170 ($2.86) price objective on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 22.48% from the stock’s previous close.
Ferrexpo Plc (LON:FXPO) traded down 2.67% during mid-day trading on Tuesday, hitting GBX 135.10. 235,571 shares of the company’s stock traded hands. Ferrexpo Plc has a 1-year low of GBX 127.50 and a 1-year high of GBX 208.60. The stock has a 50-day moving average of GBX 150.3 and a 200-day moving average of GBX 164.5. The company’s market cap is £790.8 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Ferrexpo Plc in a research note on Tuesday, May 6th. They now have a GBX 220 ($3.70) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Ferrexpo Plc in a research note on Tuesday, April 29th. They now have a GBX 210 ($3.53) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Ferrexpo Plc in a research note on Tuesday, April 22nd. They now have a GBX 135 ($2.27) price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 219.29 ($3.69).
Ferrexpo plc is engaged in the production and export of iron ore pellets, which are used in the manufacture of steel.
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