Ferrexpo Plc Rating Reiterated by Jefferies Group (FXPO)
Ferrexpo Plc (LON:FXPO)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Group in a research report issued on Friday. They currently have a GBX 130 ($2.21) price objective on the stock. Jefferies Group’s target price indicates a potential upside of 5.18% 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 Tuesday. They now have a GBX 170 ($2.89) price target on the stock. Separately, 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, June 13th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. Ferrexpo Plc presently has an average rating of “Hold” and an average target price of GBX 209.43 ($3.56).
Shares of Ferrexpo Plc (LON:FXPO) opened at 127.30 on Friday. Ferrexpo Plc has a one year low of GBX 122.20 and a one year high of GBX 208.60. The stock has a 50-day moving average of GBX 138.6 and a 200-day moving average of GBX 156.7. The company’s market cap is £745.1 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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