Ferrexpo Plc (FXPO) Given Consensus Recommendation of “Hold” by Brokerages
Ferrexpo Plc (LON:FXPO) has been assigned a consensus recommendation of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 212.50 ($2.85).
Several brokerages have recently commented on FXPO. Deutsche Bank restated a “buy” rating and issued a GBX 270 ($3.62) price objective on shares of Ferrexpo in a research report on Friday, August 4th. J P Morgan Chase & Co downgraded Ferrexpo to a “neutral” rating and boosted their price objective for the company from GBX 180 ($2.41) to GBX 190 ($2.54) in a research report on Friday, August 4th. downgraded Ferrexpo to a “hold” rating and lowered their price objective for the company from GBX 230 ($3.08) to GBX 225 ($3.01) in a research report on Friday, August 4th. Liberum Capital restated a “sell” rating and issued a GBX 70 ($0.94) price objective on shares of Ferrexpo in a research report on Thursday, August 3rd. Finally, Credit Suisse Group boosted their target price on Ferrexpo from GBX 200 ($2.68) to GBX 250 ($3.35) and gave the stock a “neutral” rating in a research report on Tuesday, August 8th.
Shares of Ferrexpo (FXPO) opened at GBX 251.70 ($3.37) on Friday. Ferrexpo has a fifty-two week low of GBX 120.69 ($1.62) and a fifty-two week high of GBX 326.60 ($4.37).
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Ferrexpo 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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