Ferrexpo Plc Announces Dividend of $0.03 (FXPO)
Ferrexpo Plc (LON:FXPO) announced a dividend on Thursday, August 3rd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 10th will be given a dividend of $0.03 per share by the iron ore producer on Friday, September 8th. This represents a yield of 0.95%. The ex-dividend date is Thursday, August 10th. The official announcement can be viewed at this link.
Ferrexpo Plc (LON:FXPO) traded down 0.34% during mid-day trading on Wednesday, reaching GBX 267.30. The company’s stock had a trading volume of 2,683,455 shares. The stock’s 50 day moving average is GBX 217.76 and its 200 day moving average is GBX 177.60. The firm’s market cap is GBX 1.57 billion. Ferrexpo Plc has a one year low of GBX 61.00 and a one year high of GBX 271.70.
In related news, insider Christopher Mawe purchased 481 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were purchased at an average price of GBX 173 ($2.25) per share, for a total transaction of £832.13 ($1,083.64).
A number of research firms have weighed in on FXPO. Credit Suisse Group raised their price target on Ferrexpo Plc from GBX 200 ($2.60) to GBX 250 ($3.26) and gave the company a “neutral” rating in a research note on Tuesday. J P Morgan Chase & Co cut Ferrexpo Plc to a “neutral” rating and lifted their target price for the stock from GBX 180 ($2.34) to GBX 190 ($2.47) in a research report on Friday, August 4th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 270 ($3.52) target price on shares of Ferrexpo Plc in a research report on Friday, August 4th. Liberum Capital reiterated a “sell” rating and set a GBX 70 ($0.91) target price on shares of Ferrexpo Plc in a research report on Thursday, August 3rd. Finally, HSBC Holdings plc cut Ferrexpo Plc to a “hold” rating and cut their target price for the stock from GBX 230 ($3.00) to GBX 225 ($2.93) in a research report on Friday, August 4th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Ferrexpo Plc presently has an average rating of “Hold” and a consensus price target of GBX 150.63 ($1.96).
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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