Ferrexpo Plc Rating Reiterated by Citigroup Inc. (FXPO)
Ferrexpo Plc (LON:FXPO)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup Inc. in a research report issued on Monday. They currently have a GBX 210 ($3.60) price objective on the stock. Citigroup Inc.’s price target suggests a potential upside of 49.47% from the stock’s previous close.
Shares of Ferrexpo Plc (LON:FXPO) traded up 1.78% on Monday, hitting GBX 143.00. The stock had a trading volume of 883,983 shares. Ferrexpo Plc has a 52 week low of GBX 121.396 and a 52 week high of GBX 208.60. The stock’s 50-day moving average is GBX 133.3 and its 200-day moving average is GBX 152.8. The company’s market cap is £837.0 million.
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 Thursday. They now have a GBX 170 ($2.92) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ferrexpo Plc in a research note on Wednesday, July 2nd. They now have a GBX 308 ($5.28) price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Ferrexpo Plc presently has a consensus rating of “Hold” and an average target price of GBX 207.57 ($3.56).
Ferrexpo plc is engaged in the production and export of iron ore pellets, which are used in the manufacture of steel.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.