Ferrexpo Plc Rating Reiterated by Numis Securities Ltd (FXPO)
Ferrexpo Plc (LON:FXPO)‘s stock had its “hold” rating reaffirmed by analysts at Numis Securities Ltd in a research report issued to clients and investors on Tuesday. They currently have a GBX 170 ($2.91) target price on the stock. Numis Securities Ltd’s target price indicates a potential upside of 19.87% from the stock’s previous close.
Ferrexpo Plc (LON:FXPO) traded down 0.14% on Tuesday, hitting GBX 142.50. 570,140 shares of the company’s stock traded hands. Ferrexpo Plc has a 1-year low of GBX 121.396 and a 1-year high of GBX 208.60. The stock has a 50-day moving average of GBX 134.0 and a 200-day moving average of GBX 151.1. The company’s market cap is £834.1 million.
FXPO has been the subject of a number of other recent research reports. Analysts at Investec cut their price target on shares of Ferrexpo Plc from GBX 176 ($3.01) to GBX 162 ($2.77) in a research note on Tuesday, July 8th. They now have a “buy” rating on the stock. Separately, analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Ferrexpo Plc in a research note on Tuesday, July 8th. They now have a GBX 250 ($4.28) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Ferrexpo Plc in a research note on Tuesday, July 8th. They now have a GBX 220 ($3.77) price target 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’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 209.40 ($3.59).
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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