Ferrexpo Plc (FXPO) Given “Underweight” Rating at Barclays PLC
Ferrexpo Plc (LON:FXPO)‘s stock had its “underweight” rating restated by investment analysts at Barclays PLC in a note issued to investors on Friday. They currently have a GBX 130 ($1.68) target price on the iron ore producer’s stock. Barclays PLC’s price target points to a potential downside of 39.25% from the stock’s current price.
Other research analysts have also issued research reports about the company. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 180 ($2.33) price objective on shares of Ferrexpo Plc in a report on Tuesday, July 4th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 270 ($3.50) target price on shares of Ferrexpo Plc in a research report on Friday, July 7th. Credit Suisse Group boosted their target price on Ferrexpo Plc from GBX 167 ($2.16) to GBX 200 ($2.59) and gave the stock a “neutral” rating in a research report on Monday, April 10th. Finally, Liberum Capital restated a “sell” rating and issued a GBX 70 ($0.91) price objective on shares of Ferrexpo Plc in a research report on Wednesday, May 10th. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Ferrexpo Plc currently has a consensus rating of “Hold” and an average price target of GBX 130.56 ($1.69).
Ferrexpo Plc (FXPO) opened at 214.00 on Friday. The firm’s market cap is GBX 1.25 billion. Ferrexpo Plc has a one year low of GBX 30.93 and a one year high of GBX 214.70. The company has a 50-day moving average of GBX 179.13 and a 200 day moving average of GBX 159.21.
In other Ferrexpo Plc news, insider Christopher Mawe bought 481 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were purchased at an average cost of GBX 173 ($2.24) per share, for a total transaction of £832.13 ($1,077.89).
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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