Ferrexpo Plc Price Target Lowered to GBX 140 at Numis Securities Ltd (FXPO)
Numis Securities Ltd dropped their price objective on shares of Ferrexpo Plc (LON:FXPO) from GBX 170 ($2.86) to GBX 140 ($2.36) in a research note issued on Thursday. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 8.36% from the company’s current price.
Ferrexpo Plc (LON:FXPO) traded down 1.08% on Thursday, hitting GBX 128.70. The stock had a trading volume of 826,908 shares. Ferrexpo Plc has a one year low of GBX 121.396 and a one year high of GBX 208.60. The stock has a 50-day moving average of GBX 135.1 and a 200-day moving average of GBX 146.0. The company’s market cap is £753.3 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Ferrexpo Plc in a research note on Thursday. They now have a GBX 130 ($2.19) price target on the stock. Separately, analysts at Westhouse Securities cut their price target on shares of Ferrexpo Plc from GBX 220 ($3.70) to GBX 180 ($3.03) in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Ferrexpo Plc in a research note on Wednesday. They now have a GBX 250 ($4.21) price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Ferrexpo Plc presently has an average rating of “Hold” and a consensus price target of GBX 204.73 ($3.44).
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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