Ferrexpo Plc’s Buy Rating Reaffirmed at Deutsche Bank (FXPO)
Ferrexpo Plc (LON:FXPO)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Wednesday. They currently have a GBX 308 ($5.25) target price on the stock. Deutsche Bank’s target price indicates a potential upside of 131.75% from the stock’s previous close.
A number of other firms have also recently commented on FXPO. 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 207.57 ($3.54).
Ferrexpo Plc (LON:FXPO) traded up 1.45% during mid-day trading on Wednesday, hitting GBX 132.90. The stock had a trading volume of 807,564 shares. 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 134.2 and its 200-day moving average is GBX 153.7. The company’s market cap is £777.9 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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