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Fortescue Metals Group Limited (ASX:FMG) has received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, American Banking News.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is A$6.00 ($5.66).

Fortescue Metals Group Limited (ASX:FMG) remained flat at A$4.220 during trading on Friday. 26,034,852 shares of the company’s stock traded hands. Fortescue Metals Group Limited has a 52 week low of A$2.870 and a 52 week high of A$6.220. The stock has a 50-day moving average of A$5.14 and a 200-day moving average of A$5.40. The company has a market cap of A$13.140 billion and a P/E ratio of 4.41.

FMG has been the subject of a number of recent research reports. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of Fortescue Metals Group Limited in a research note on Sunday, June 15th. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Fortescue Metals Group Limited in a research note on Wednesday, May 7th. They now have a $5.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Fortescue Metals Group Limited in a research note on Tuesday, April 29th. They now have a $5.00 price target on the stock.

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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