Ferrexpo Plc Stock Rating Reaffirmed by Numis Securities Ltd (FXPO)
Ferrexpo Plc (LON:FXPO)‘s stock had its “hold” rating reaffirmed by Numis Securities Ltd in a research note issued on Tuesday. They currently have a GBX 170 ($2.89) price target on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 36.44% from the stock’s previous close.
Shares of Ferrexpo Plc (LON:FXPO) traded up 1.52% during mid-day trading on Tuesday, hitting GBX 126.50. 1,021,259 shares of the company’s stock traded hands. Ferrexpo Plc has a 52-week low of GBX 127.50 and a 52-week high of GBX 208.60. The stock’s 50-day moving average is GBX 140.1 and its 200-day moving average is GBX 157.6. The company’s market cap is £740.5 million.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Ferrexpo Plc from GBX 350 ($5.94) to GBX 319 ($5.42) in a research note on Friday. They now have a “buy” rating 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 ($2.72) price target on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 211.57 ($3.59).
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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