Ferrexpo Plc Rating Reiterated by Numis Securities Ltd (FXPO)
Ferrexpo Plc (LON:FXPO)‘s stock had its “hold” rating restated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Friday. They currently have a GBX 140 ($2.32) price objective on the stock. Numis Securities Ltd’s target price suggests a potential upside of 5.03% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Ferrexpo Plc in a research note on Wednesday. They now have a GBX 312 ($5.18) price target 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 ($2.16) price target on the stock. Finally, analysts at Westhouse Securities cut their price target on shares of Ferrexpo Plc from GBX 220 ($3.65) to GBX 180 ($2.99) in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 205.92 ($3.42).
Ferrexpo Plc (LON:FXPO) opened at 131.50 on Friday. 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 135.6 and its 200-day moving average is GBX 142.1. The company’s market cap is £769.8 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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