Jefferies Group Reiterates Hold Rating for Ferrexpo Plc (FXPO)
Ferrexpo Plc (LON:FXPO)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Group in a research note issued to investors on Thursday. They currently have a GBX 130 ($2.19) price objective on the stock. Jefferies Group’s target price indicates a potential upside of 1.25% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. 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 has an average rating of “Hold” and a consensus target price of GBX 204.73 ($3.44).
Shares of Ferrexpo Plc (LON:FXPO) remained flat at GBX 128.70 during trading on Thursday. 675,900 shares of the company’s stock traded hands. Ferrexpo Plc has a one year low of GBX 121.396 and a one year high of GBX 209.08. The stock’s 50-day moving average is GBX 135.1 and its 200-day moving average is 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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