Cantor Fitzgerald Europe Reiterates “Buy” Rating for Ferrexpo Plc (FXPO)
Ferrexpo Plc (LON:FXPO)‘s stock had its “buy” rating reaffirmed by investment analysts at Cantor Fitzgerald Europe in a note issued to investors on Tuesday. They currently have a GBX 250 ($4.29) target price on the stock. Cantor Fitzgerald Europe‘s target price indicates a potential upside of 74.83% from the stock’s previous close.
FXPO has been the subject of a number of other recent research reports. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Ferrexpo Plc in a research note on Tuesday. They now have a GBX 220 ($3.77) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Ferrexpo Plc in a research note on Monday. They now have a GBX 210 ($3.60) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Ferrexpo Plc in a research note on Thursday, July 3rd. They now have a GBX 170 ($2.92) price target on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 209.40 ($3.59).
Shares of Ferrexpo Plc (LON:FXPO) traded down 1.40% during mid-day trading on Tuesday, hitting GBX 141.00. The stock had a trading volume of 670,715 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 £825.3 million.
Ferrexpo plc is engaged in the production and export of iron ore pellets, which are used in the manufacture of steel.
To view Cantor Fitzgerald Europe’s full report, visit Cantor Fitzgerald Europe’s official website.
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