Ferrexpo Plc Price Target Cut to GBX 180 by Analysts at Westhouse Securities (FXPO)
Equities research analysts at Westhouse Securities lowered their target price on shares of Ferrexpo Plc (LON:FXPO) from GBX 220 ($3.70) to GBX 180 ($3.03) in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Westhouse Securities’ price target suggests a potential upside of 40.19% from the company’s current price.
A number of other analysts have also recently weighed in on FXPO. 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. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ferrexpo Plc in a research note on Wednesday. They now have a GBX 307 ($5.17) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Ferrexpo Plc in a research note on Monday, August 4th. They now have a GBX 160 ($2.69) 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 company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 204.73 ($3.44).
Ferrexpo Plc (LON:FXPO) remained flat at GBX 128.70 during trading on Thursday. The stock had a trading volume of 675,900 shares. Ferrexpo Plc has a one year low of GBX 121.396 and a one year high of GBX 209.08. The stock has a 50-day moving average of GBX 135.1 and a 200-day moving average of GBX 145.8. The company’s market cap is £753.3 million.
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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