Ferrexpo Plc (FXPO) Given Average Rating of “Hold” by Analysts
Shares of Ferrexpo Plc (LON:FXPO) have received an average rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 212.50 ($2.84).
Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Ferrexpo from GBX 190 ($2.54) to GBX 175 ($2.34) and set a “neutral” rating for the company in a report on Friday, October 6th. Deutsche Bank lowered shares of Ferrexpo to a “hold” rating and raised their price target for the stock from GBX 270 ($3.61) to GBX 280 ($3.74) in a report on Friday, October 6th. Barclays lifted their price objective on shares of Ferrexpo from GBX 130 ($1.74) to GBX 215 ($2.87) and gave the company an “underweight” rating in a research note on Tuesday, October 24th. Finally, Liberum Capital reiterated a “sell” rating and issued a GBX 130 ($1.74) price objective on shares of Ferrexpo in a research note on Monday, October 30th.
Ferrexpo (FXPO) opened at GBX 287.80 ($3.85) on Tuesday. Ferrexpo has a fifty-two week low of GBX 122.97 ($1.64) and a fifty-two week high of GBX 326.60 ($4.37). The stock has a market cap of $1,690.00 and a P/E ratio of 701.95.
In other Ferrexpo news, insider Oliver A. G. Baring sold 6,000 shares of Ferrexpo stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of GBX 277 ($3.70), for a total transaction of £16,620 ($22,222.22).
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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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