Shares of Ferrexpo Plc (LON:FXPO) have been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 98.57 ($1.27).

FXPO has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on Ferrexpo Plc from GBX 220 ($2.85) to GBX 195 ($2.52) and set an “overweight” rating on the stock in a report on Tuesday, May 2nd. Barclays PLC reissued an “underweight” rating and set a GBX 130 ($1.68) price objective on shares of Ferrexpo Plc in a report on Wednesday, May 3rd. Credit Suisse Group AG raised Ferrexpo Plc to a “neutral” rating and raised their price objective for the company from GBX 120 ($1.55) to GBX 170 ($2.20) in a report on Tuesday, March 7th. Liberum Capital reissued a “sell” rating and set a GBX 70 ($0.91) price objective on shares of Ferrexpo Plc in a report on Wednesday, May 10th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Ferrexpo Plc in a report on Thursday, March 23rd.

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In related news, insider Christopher Mawe sold 12,821 shares of the firm’s stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of GBX 159 ($2.06), for a total transaction of £20,385.39 ($26,364.96).

Ferrexpo Plc (LON:FXPO) traded up 1.20% during trading on Monday, reaching GBX 160.50. The company’s stock had a trading volume of 1,612,683 shares. Ferrexpo Plc has a 1-year low of GBX 28.26 and a 1-year high of GBX 178.70. The company’s 50 day moving average price is GBX 158.94 and its 200-day moving average price is GBX 144.72. The stock’s market cap is GBX 939.89 million.

The business also recently announced a dividend, which will be paid on Wednesday, May 31st. Investors of record on Thursday, May 4th will be given a dividend of €0.03 ($0.04) per share. This represents a yield of 1.54%. The ex-dividend date is Thursday, May 4th.

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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