JPMorgan Chase & Co. Reiterates Neutral Rating for Ferrexpo Plc (FXPO)
Ferrexpo Plc (LON:FXPO)‘s stock had its “neutral” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a report issued on Thursday. They currently have a GBX 50 ($0.65) price target on the iron ore producer’s stock. JPMorgan Chase & Co.’s price target would suggest a potential downside of 38.27% from the stock’s current price.
A number of other equities research analysts also recently commented on the company. Deutsche Bank AG restated a “buy” rating on shares of Ferrexpo Plc in a research report on Wednesday, August 10th. Macquarie restated an “underperform” rating and issued a GBX 20 ($0.26) target price on shares of Ferrexpo Plc in a research report on Monday, August 22nd. Investec lifted their target price on Ferrexpo Plc from GBX 24 ($0.31) to GBX 25 ($0.33) and gave the company a “sell” rating in a research report on Tuesday, July 19th. Liberum Capital restated a “sell” rating and issued a GBX 26 ($0.34) target price on shares of Ferrexpo Plc in a research report on Tuesday, July 5th. Finally, Barclays PLC restated an “underweight” rating on shares of Ferrexpo Plc in a research report on Wednesday, September 21st. Seven analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Sell” and an average price target of GBX 41.70 ($0.54).
Ferrexpo Plc (LON:FXPO) traded up 1.25% during midday trading on Thursday, reaching GBX 81.00. The company’s stock had a trading volume of 1,124,053 shares. The stock’s 50-day moving average price is GBX 72.24 and its 200 day moving average price is GBX 46.26. Ferrexpo Plc has a 1-year low of GBX 12.50 and a 1-year high of GBX 85.39. The firm’s market capitalization is GBX 474.22 million.
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Ferrexpo Plc Company Profile
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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