Ferrexpo Plc (FXPO) Price Target Raised to GBX 50
Ferrexpo Plc (LON:FXPO) had its price objective boosted by JPMorgan Chase & Co. from GBX 45 ($0.59) to GBX 50 ($0.65) in a report issued on Thursday morning. JPMorgan Chase & Co. currently has a neutral rating on the iron ore producer’s stock.
A number of other equities research analysts have also weighed in on the stock. Deutsche Bank AG reiterated a buy rating on shares of Ferrexpo Plc in a research note on Wednesday, September 7th. Macquarie reissued an underperform rating and set a GBX 20 ($0.26) price objective on shares of Ferrexpo Plc in a research report on Monday, September 5th. Jefferies Group reissued an underperform rating and set a GBX 30 ($0.39) price objective on shares of Ferrexpo Plc in a research report on Tuesday, August 23rd. Credit Suisse Group AG raised shares of Ferrexpo Plc to a neutral rating and boosted their price objective for the company from GBX 28 ($0.37) to GBX 60 ($0.78) in a research report on Thursday, August 4th. Finally, Investec boosted their price objective on shares of Ferrexpo Plc from GBX 24 ($0.31) to GBX 25 ($0.33) and gave the company a sell rating in a research report on Tuesday, July 19th. Seven equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Sell and a consensus price target of GBX 40.20 ($0.52).
Shares of Ferrexpo Plc (LON:FXPO) opened at 72.25 on Thursday. The firm’s 50-day moving average price is GBX 68.70 and its 200-day moving average price is GBX 42.66. The stock’s market cap is GBX 423.00 million. Ferrexpo Plc has a 52-week low of GBX 12.50 and a 52-week high of GBX 84.53.
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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