Ferrexpo Plc Receives “Buy” Rating from Westhouse Securities (FXPO)
Ferrexpo Plc (LON:FXPO)‘s stock had its “buy” rating reiterated by research analysts at Westhouse Securities in a report released on Tuesday. They currently have a GBX 220 ($3.77) price target on the stock. Westhouse Securities’ target price indicates a potential upside of 53.85% from the company’s current price.
Shares of Ferrexpo Plc (LON:FXPO) opened at 142.00 on Tuesday. Ferrexpo Plc has a 1-year low of GBX 121.396 and a 1-year 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 £831.2 million.
A number of other firms have also recently commented on FXPO. 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. Separately, 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. Finally, analysts at Deutsche Bank cut their price target on shares of Ferrexpo Plc from GBX 308 ($5.28) to GBX 307 ($5.27) in a research note on Wednesday, July 2nd. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 207.50 ($3.56).
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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