Ferrexpo Plc Receives Consensus Recommendation of “Hold” from Brokerages (LON:FXPO)
Ferrexpo Plc (LON:FXPO) has been given a consensus recommendation of “Hold” by the fourteen ratings firms that are presently covering the stock, AnalystRatingsNetwork reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 205.54 ($3.45).
A number of analysts have recently weighed in on FXPO shares. Analysts at Numis Securities Ltd cut their price target on shares of Ferrexpo Plc from GBX 170 ($2.85) to GBX 140 ($2.35) in a research note on Thursday, August 7th. They now have a “hold” rating on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Ferrexpo Plc in a research note on Thursday, August 7th. They now have a GBX 130 ($2.18) price target on the stock. Finally, analysts at Westhouse Securities cut their price target on shares of Ferrexpo Plc from GBX 220 ($3.69) to GBX 180 ($3.02) in a research note on Thursday, August 7th. They now have a “buy” rating on the stock.
Shares of Ferrexpo Plc (LON:FXPO) opened at 133.40 on Wednesday. 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 135.7 and a 200-day moving average of GBX 145.0. The company’s market cap is £781.0 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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