Barclays PLC Reaffirms “Underweight” Rating for Ferrexpo Plc (FXPO)
Ferrexpo Plc (LON:FXPO)‘s stock had its “underweight” rating restated by Barclays PLC in a research report issued to clients and investors on Wednesday.
A number of other analysts have also recently commented on FXPO. Deutsche Bank AG restated a “buy” rating on shares of Ferrexpo Plc in a research note on Monday, June 6th. Credit Suisse Group AG restated an “underperform” rating and set a GBX 22 ($0.29) price target on shares of Ferrexpo Plc in a research note on Thursday, June 16th. Liberum Capital restated a “sell” rating and set a GBX 26 ($0.34) price target on shares of Ferrexpo Plc in a research note on Tuesday, July 5th. JPMorgan Chase & Co. upped their price target on shares of Ferrexpo Plc from GBX 36 ($0.47) to GBX 38 ($0.50) and gave the company a “neutral” rating in a research note on Wednesday, July 6th. Finally, Investec upped their price target on shares of Ferrexpo Plc from GBX 24 ($0.31) to GBX 25 ($0.33) and gave the company a “sell” rating in a research note on Tuesday, July 19th. Seven equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Ferrexpo Plc has an average rating of “Sell” and a consensus price target of GBX 40.20 ($0.52).
Shares of Ferrexpo Plc (LON:FXPO) opened at 72.25 on Wednesday. Ferrexpo Plc has a 1-year low of GBX 12.50 and a 1-year high of GBX 84.53. The firm’s 50 day moving average is GBX 68.70 and its 200-day moving average is GBX 42.66. The company’s market cap is GBX 423.00 million.
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About Ferrexpo Plc
Ferrexpo plc is an iron ore pellet producer. The Company produces, develops and markets its principal product, iron ore pellets, for sale to the metallurgical industry. The Company’s operations are vertically integrated from iron ore mining through to iron ore concentrate, and pellet production and subsequent logistics.
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