Ferrexpo Plc (FXPO) Given Average Rating of “Hold” by Analysts
Shares of Ferrexpo Plc (LON:FXPO) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 169.29 ($2.19).
A number of analysts recently issued reports on FXPO shares. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 180 ($2.32) price objective on shares of Ferrexpo Plc in a report on Monday, July 10th. Credit Suisse Group increased their price objective on Ferrexpo Plc from GBX 200 ($2.58) to GBX 250 ($3.23) and gave the stock a “neutral” rating in a report on Tuesday, August 8th. Deutsche Bank AG dropped their price objective on Ferrexpo Plc from GBX 280 ($3.62) to GBX 270 ($3.49) and set a “buy” rating on the stock in a report on Thursday, June 22nd. HSBC Holdings plc reissued a “buy” rating and set a GBX 230 ($2.97) price objective on shares of Ferrexpo Plc in a report on Friday, July 14th. Finally, Liberum Capital reissued a “sell” rating and set a GBX 70 ($0.90) price objective on shares of Ferrexpo Plc in a report on Thursday, August 3rd.
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In other Ferrexpo Plc news, insider Oliver A. G. Baring sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of GBX 313 ($4.04), for a total value of £12,520 ($16,169.44).
Ferrexpo Plc (LON:FXPO) opened at 306.10 on Friday. The company has a 50-day moving average price of GBX 280.56 and a 200-day moving average price of GBX 202.21. Ferrexpo Plc has a 1-year low of GBX 65.00 and a 1-year high of GBX 326.60. The firm’s market cap is GBX 1.79 billion.
The firm also recently declared a dividend, which was paid on Friday, September 8th. Shareholders of record on Thursday, August 10th were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a dividend yield of 0.95%.
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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