Ferrexpo Plc (FXPO) Given New GBX 130 Price Target at Deutsche Bank AG
Ferrexpo Plc (LON:FXPO) had its price target increased by research analysts at Deutsche Bank AG from GBX 115 ($1.50) to GBX 130 ($1.70) in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the iron ore producer’s stock. Deutsche Bank AG’s target price points to a potential upside of 60.49% from the company’s previous close.
A number of other brokerages also recently commented on FXPO. Credit Suisse Group AG restated an “underperform” rating and issued a GBX 22 ($0.29) target price on shares of Ferrexpo Plc in a research note on Thursday, June 16th. JPMorgan Chase & Co. increased their price target on Ferrexpo Plc from GBX 45 ($0.59) to GBX 50 ($0.65) and gave the stock a “neutral” rating in a research report on Thursday, September 15th. Investec increased their price target on Ferrexpo Plc from GBX 24 ($0.31) to GBX 25 ($0.33) and gave the stock a “sell” rating in a research report on Tuesday, July 19th. Liberum Capital reiterated a “sell” rating and set a GBX 26 ($0.34) price target on shares of Ferrexpo Plc in a research report on Tuesday, July 5th. Finally, Macquarie reiterated an “underperform” rating and set a GBX 20 ($0.26) price target on shares of Ferrexpo Plc in a research report on Monday, August 22nd. Seven analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Ferrexpo Plc currently has a consensus rating of “Sell” and a consensus price target of GBX 41.70 ($0.54).
Ferrexpo Plc (LON:FXPO) traded up 1.25% on Wednesday, reaching GBX 81.00. 1,124,053 shares of the company’s stock traded hands. The firm’s market cap is GBX 474.22 million. Ferrexpo Plc has a 12 month low of GBX 12.50 and a 12 month high of GBX 85.39. The firm’s 50-day moving average is GBX 72.24 and its 200 day moving average is GBX 46.26.
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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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