Ferrexpo Plc (FXPO) Receives Average Recommendation of “Hold” from Analysts
Shares of Ferrexpo Plc (LON:FXPO) have earned an average rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 168.57 ($2.22).
FXPO has been the topic of a number of research reports. Barclays PLC reiterated an “underweight” rating and set a GBX 130 ($1.71) target price on shares of Ferrexpo Plc in a report on Friday, July 14th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 270 ($3.55) target price on shares of Ferrexpo Plc in a report on Friday, August 4th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 180 ($2.37) target price on shares of Ferrexpo Plc in a report on Tuesday, July 4th. Liberum Capital reiterated a “sell” rating and set a GBX 70 ($0.92) target price on shares of Ferrexpo Plc in a report on Thursday, August 3rd. Finally, HSBC Holdings plc lowered shares of Ferrexpo Plc to a “hold” rating and reduced their target price for the stock from GBX 230 ($3.02) to GBX 225 ($2.96) in a report on Friday, August 4th.
Ferrexpo Plc (LON FXPO) opened at 258.80 on Thursday. The stock’s 50 day moving average is GBX 296.89 and its 200-day moving average is GBX 219.35. Ferrexpo Plc has a 12 month low of GBX 85.75 and a 12 month high of GBX 326.60. The stock’s market capitalization is GBX 1.52 billion.
In other Ferrexpo Plc news, insider Oliver A. G. Baring sold 4,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of GBX 313 ($4.12), for a total value of £12,520 ($16,460.69).
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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