Ferrexpo Plc’s “Buy” Rating Reiterated at Deutsche Bank (FXPO)
Ferrexpo Plc (LON:FXPO)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a report issued on Wednesday. They currently have a GBX 312 ($5.18) price target on the stock. Deutsche Bank’s price target suggests a potential upside of 143.75% from the company’s current price.
FXPO has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Ferrexpo Plc in a research note on Wednesday, August 20th. They now have a GBX 140 ($2.32) price target on the stock. Finally, 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 ($2.16) price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Ferrexpo Plc currently has a consensus rating of “Hold” and a consensus target price of GBX 205.92 ($3.42).
Ferrexpo Plc (LON:FXPO) traded up 3.75% on Wednesday, hitting GBX 132.80. The stock had a trading volume of 860,587 shares. Ferrexpo Plc has a one year low of GBX 121.396 and a one year high of GBX 208.60. The stock’s 50-day moving average is GBX 136. and its 200-day moving average is GBX 142.5. The company’s market cap is £777.5 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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