FORTESCUE METALS G ADR EA REPR 2 (FSUGY) Given Consensus Rating of “Buy” by Analysts
FORTESCUE METALS G ADR EA REPR 2 (NASDAQ:FSUGY) has received an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. FORTESCUE METALS G ADR EA REPR 2’s rating score has improved by 20% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Zacks has also given FORTESCUE METALS G ADR EA REPR 2 an industry rank of 18 out of 265 based on the ratings given to related companies.
A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of FORTESCUE METALS G ADR EA REPR 2 from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research note on Tuesday. RBC Capital Markets reiterated a “sector perform” rating on shares of FORTESCUE METALS G ADR EA REPR 2 in a research note on Monday, August 1st. Finally, Macquarie reiterated an “outperform” rating on shares of FORTESCUE METALS G ADR EA REPR 2 in a research note on Sunday, July 31st.
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Shares of FORTESCUE METALS G ADR EA REPR 2 (NASDAQ:FSUGY) remained flat at $7.91 during midday trading on Wednesday. FORTESCUE METALS G ADR EA REPR 2 has a 12-month low of $1.99 and a 12-month high of $7.91. The stock has a market capitalization of $12.31 billion and a P/E ratio of 12.52. The company’s 50 day moving average is $7.44 and its 200-day moving average is $5.93.
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