Ferrexpo Plc (FXPO) PT Raised to GBX 50
Ferrexpo Plc (LON:FXPO) had its price target hoisted by equities research analysts at Jefferies Group from GBX 30 ($0.37) to GBX 50 ($0.62) in a research note issued to investors on Friday. The firm currently has an “underperform” rating on the iron ore producer’s stock. Jefferies Group’s price objective suggests a potential downside of 46.24% from the stock’s current price.
Several other research firms also recently commented on FXPO. Credit Suisse Group AG restated an “underperform” rating and set a GBX 22 ($0.27) price objective on shares of Ferrexpo Plc in a report on Thursday, June 16th. JPMorgan Chase & Co. boosted their price objective on Ferrexpo Plc from GBX 45 ($0.56) to GBX 50 ($0.62) and gave the company a “neutral” rating in a report on Thursday, September 15th. Investec upped their price target on 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 reiterated a “sell” rating and set a GBX 26 ($0.32) price target on shares of Ferrexpo Plc in a report on Tuesday, July 5th. Finally, Macquarie reiterated an “underperform” rating and set a GBX 20 ($0.25) price target on shares of Ferrexpo Plc in a report on Monday, August 22nd. Seven analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Sell” and an average target price of GBX 43.70 ($0.54).
Ferrexpo Plc (LON:FXPO) opened at 96.125 on Friday. The company’s market cap is GBX 562.77 million. Ferrexpo Plc has a 52-week low of GBX 12.50 and a 52-week high of GBX 99.96. The firm’s 50-day moving average price is GBX 73.69 and its 200 day moving average price is GBX 47.80.
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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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