Ferrexpo Plc (FXPO) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Ferrexpo Plc (LON:FXPO) have earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 96.43 ($1.25).
Several brokerages recently weighed in on FXPO. JPMorgan Chase & Co. reduced their price target on Ferrexpo Plc from GBX 195 ($2.52) to GBX 180 ($2.33) and set an “overweight” rating for the company in a research report on Monday. Deutsche Bank AG reiterated a “buy” rating on shares of Ferrexpo Plc in a research report on Thursday, March 23rd. Credit Suisse Group AG lifted their price target on Ferrexpo Plc from GBX 167 ($2.16) to GBX 200 ($2.58) and gave the company a “neutral” rating in a research report on Monday, April 10th. Liberum Capital reiterated a “sell” rating and set a GBX 70 ($0.90) price target on shares of Ferrexpo Plc in a research report on Wednesday, May 10th. Finally, Barclays PLC reiterated an “underweight” rating and set a GBX 130 ($1.68) price target on shares of Ferrexpo Plc in a research report on Wednesday, May 3rd.
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In other news, insider Christopher Mawe purchased 481 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was purchased at an average cost of GBX 173 ($2.24) per share, for a total transaction of £832.13 ($1,075.24).
Ferrexpo Plc (FXPO) traded up 6.1120% during midday trading on Friday, reaching GBX 196.3072. 5,841,176 shares of the company traded hands. The stock’s market capitalization is GBX 1.15 billion. The firm has a 50-day moving average of GBX 163.17 and a 200-day moving average of GBX 153.04. Ferrexpo Plc has a 1-year low of GBX 28.50 and a 1-year high of GBX 197.45.
The company also recently declared a dividend, which was paid on Wednesday, May 31st. Investors of record on Thursday, May 4th were given a dividend of €0.03 ($0.04) per share. This represents a dividend yield of 1.54%. The ex-dividend date was 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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