Ferrexpo Plc (FXPO) PT Raised to GBX 50
Ferrexpo Plc (LON:FXPO) had its price target lifted by analysts at Jefferies Group from GBX 30 ($0.37) to GBX 50 ($0.62) in a research note issued to investors on Friday. The brokerage currently has an “underperform” rating on the iron ore producer’s stock. Jefferies Group’s price target would suggest a potential downside of 46.24% from the company’s current price.
Several other research firms have also commented on FXPO. Credit Suisse Group AG reaffirmed an “underperform” rating and set a GBX 22 ($0.27) price target on shares of Ferrexpo Plc in a research report on Thursday, June 16th. JPMorgan Chase & Co. increased their target price on shares of Ferrexpo Plc from GBX 45 ($0.56) to GBX 50 ($0.62) and gave the stock a “neutral” rating in a report on Thursday, September 15th. Investec increased their target price on shares of Ferrexpo Plc from GBX 24 ($0.30) to GBX 25 ($0.31) and gave the stock a “sell” rating in a report on Tuesday, July 19th. Liberum Capital reissued a “sell” rating and issued a GBX 26 ($0.32) target price on shares of Ferrexpo Plc in a report on Tuesday, July 5th. Finally, Macquarie reissued an “underperform” rating and issued a GBX 20 ($0.25) target price on shares of Ferrexpo Plc in a report on Monday, August 22nd. Seven research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Ferrexpo Plc has an average rating of “Sell” and an average price target of GBX 43.70 ($0.54).
Ferrexpo Plc (LON:FXPO) opened at 96.975 on Friday. The stock’s market capitalization is GBX 567.75 million. Ferrexpo Plc has a 1-year low of GBX 12.50 and a 1-year high of GBX 99.96. The firm’s 50 day moving average is GBX 73.69 and its 200 day moving average is GBX 47.80.
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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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