Ferrexpo Plc Given Consensus Recommendation of “Hold” by Brokerages (LON:FXPO)
Ferrexpo Plc (LON:FXPO) has been given an average recommendation of “Hold” by the seventeen brokerages that are covering the company, StockRatingsNetwork.com reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 208.36 ($3.55).
Several analysts have recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Ferrexpo Plc in a research note on Wednesday, June 25th. They now have a GBX 170 ($2.90) price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Ferrexpo Plc from GBX 175 ($2.98) to GBX 160 ($2.73) in a research note on Monday, June 23rd. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Ferrexpo Plc from GBX 160 ($2.73) to GBX 130 ($2.21) in a research note on Friday, June 20th. They now have a “hold” rating on the stock.
Ferrexpo Plc (LON:FXPO) opened at 131.6797 on Tuesday. Ferrexpo Plc has a one year low of GBX 121.396 and a one year high of GBX 208.60. The stock’s 50-day moving average is GBX 134.7 and its 200-day moving average is GBX 154.3. The company’s market cap is £770.8 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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