Credit Suisse Group Boosts Ferrexpo (FXPO) Price Target to GBX 340
Ferrexpo (LON:FXPO) had its price target hoisted by equities research analysts at Credit Suisse Group from GBX 247.64 ($3.36) to GBX 340 ($4.61) in a report issued on Wednesday. The brokerage currently has a “neutral” rating on the iron ore producer’s stock. Credit Suisse Group’s price objective indicates a potential upside of 9.61% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 240 ($3.25) price target on shares of Ferrexpo in a research report on Wednesday, January 10th. Barclays restated an “underweight” rating and issued a GBX 215 ($2.92) price target on shares of Ferrexpo in a research report on Monday, January 8th. Liberum Capital restated a “sell” rating and issued a GBX 130 ($1.76) price target on shares of Ferrexpo in a research report on Monday, October 30th. Finally, Deutsche Bank cut Ferrexpo to a “hold” rating and boosted their price target for the company from GBX 270 ($3.66) to GBX 280 ($3.80) in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 238.33 ($3.23).
Shares of Ferrexpo (LON FXPO) traded up GBX 0.30 ($0.00) during mid-day trading on Wednesday, reaching GBX 310.20 ($4.21). The company had a trading volume of 2,180,000 shares, compared to its average volume of 1,960,000. The firm has a market cap of $1,830.00 and a PE ratio of 775.50. Ferrexpo has a 1 year low of GBX 122.97 ($1.67) and a 1 year high of GBX 326.60 ($4.43).
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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