Ferrexpo Plc PT Lowered to GBX 319 (FXPO)
Equities research analysts at Deutsche Bank lowered their price objective on shares of Ferrexpo Plc (LON:FXPO) from GBX 350 ($5.88) to GBX 319 ($5.36) in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target suggests a potential upside of 146.52% from the stock’s previous close.
A number of other analysts have also recently weighed in on FXPO. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Ferrexpo Plc in a research note on Thursday, June 5th. They now have a GBX 170 ($2.86) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Ferrexpo Plc in a research note on Tuesday, June 3rd. They now have a GBX 160 ($2.69) price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. Ferrexpo Plc currently has a consensus rating of “Hold” and a consensus price target of GBX 211.57 ($3.56).
Ferrexpo Plc (LON:FXPO) traded down 2.49% during mid-day trading on Friday, hitting GBX 129.40. The stock had a trading volume of 411,970 shares. Ferrexpo Plc has a 52-week low of GBX 127.50 and a 52-week high of GBX 208.60. The stock has a 50-day moving average of GBX 141.2 and a 200-day moving average of GBX 158.2. The company’s market cap is £757.4 million.
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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