Ferrexpo Plc (FXPO) Given Average Rating of “Hold” by Brokerages
Ferrexpo Plc (LON:FXPO) has been assigned an average rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 150.63 ($1.96).
A number of equities analysts recently issued reports on the company. Barclays PLC reissued an “underweight” rating and set a GBX 130 ($1.69) price target on shares of Ferrexpo Plc in a report on Friday, July 14th. J P Morgan Chase & Co lowered Ferrexpo Plc to a “neutral” rating and raised their price target for the stock from GBX 180 ($2.34) to GBX 190 ($2.47) in a report on Friday, August 4th. Liberum Capital reissued a “sell” rating and set a GBX 70 ($0.91) price target on shares of Ferrexpo Plc in a report on Wednesday, May 10th. Deutsche Bank AG reissued a “buy” rating and set a GBX 270 ($3.51) price target on shares of Ferrexpo Plc in a report on Friday, August 4th. Finally, HSBC Holdings plc lowered Ferrexpo Plc to a “hold” rating and lowered their price target for the stock from GBX 230 ($2.99) to GBX 225 ($2.92) in a report on Friday, August 4th.
Ferrexpo Plc (LON:FXPO) opened at 286.10 on Wednesday. The company’s market cap is GBX 1.68 billion. The firm has a 50-day moving average price of GBX 236.58 and a 200-day moving average price of GBX 185.41. Ferrexpo Plc has a 12-month low of GBX 61.00 and a 12-month high of GBX 290.60.
The firm also recently disclosed a dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 10th will be issued a $0.03 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend is Thursday, August 10th.
In related news, insider Christopher Mawe purchased 481 shares of Ferrexpo Plc stock in a transaction dated Wednesday, May 31st. The stock was bought at an average cost of GBX 173 ($2.25) per share, for a total transaction of £832.13 ($1,080.27).
Ferrexpo Plc Company Profile
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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