Ferrexpo Plc Earns “Hold” Rating from Numis Securities Ltd (FXPO)
Ferrexpo Plc (LON:FXPO)‘s stock had its “hold” rating restated by investment analysts at Numis Securities Ltd in a note issued to investors on Wednesday. They currently have a GBX 140 ($2.34) price target on the stock. Numis Securities Ltd’s price objective points to a potential upside of 0.86% from the company’s current price.
Shares of Ferrexpo Plc (LON:FXPO) opened at 137.60 on Wednesday. Ferrexpo Plc has a 1-year low of GBX 121.396 and a 1-year high of GBX 208.60. The stock’s 50-day moving average is GBX 136.9 and its 200-day moving average is GBX 144.1. The company’s market cap is £805.6 million.
A number of other firms have also recently commented on FXPO. 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 ($2.17) price target on the stock. Separately, analysts at Westhouse Securities cut their price target on shares of Ferrexpo Plc from GBX 220 ($3.68) to GBX 180 ($3.01) in a research note on Thursday, August 7th. 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, August 6th. They now have a GBX 250 ($4.18) price target on the stock. Two analysts have rated the stock with a sell rating, five have assigned 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 205.54 ($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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