Fortescue Metals Group Limited Receives Average Recommendation of “Hold” from Analysts (ASX:FMG)
Shares of Fortescue Metals Group Limited (ASX:FMG) have earned a consensus rating of “Hold” from the seven analysts that are covering the stock, Analyst RN reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is A$6.00 ($5.66).
Shares of Fortescue Metals Group Limited (ASX:FMG) opened at 4.680 on Wednesday. Fortescue Metals Group Limited has a 52 week low of A$3.720 and a 52 week high of A$6.220. The stock’s 50-day moving average is A$4.45 and its 200-day moving average is A$4.97. The company has a market cap of A$14.573 billion and a price-to-earnings ratio of 5.14.
A number of analysts have recently weighed in on FMG shares. Analysts at Commonwealth Bank reiterated an “underweight” rating on shares of Fortescue Metals Group Limited in a research note on Thursday.
Fortescue Metals Group Limited (ASX:FMG) is an iron ore producer and explorer operating in the Pilbara region of Western Australia.
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