Ferrexpo Plc (FXPO) Price Target Raised to GBX 50
Ferrexpo Plc (LON:FXPO) had its target price raised by JPMorgan Chase & Co. from GBX 45 ($0.59) to GBX 50 ($0.65) in a report released on Thursday morning. They currently have a neutral rating on the iron ore producer’s stock.
FXPO has been the subject of several other reports. Credit Suisse Group AG reissued an underperform rating and issued a GBX 22 ($0.29) price objective on shares of Ferrexpo Plc in a research note on Thursday, June 16th. Investec increased their price objective on Ferrexpo Plc from GBX 24 ($0.31) to GBX 25 ($0.33) and gave the stock a sell rating in a research note on Tuesday, July 19th. Beaufort Securities reissued a speculative buy rating on shares of Ferrexpo Plc in a research note on Friday, May 20th. Liberum Capital reissued a sell rating and issued a GBX 26 ($0.34) price objective on shares of Ferrexpo Plc in a research note on Tuesday, July 5th. Finally, Deutsche Bank AG lowered their price objective on Ferrexpo Plc from GBX 110 ($1.44) to GBX 105 ($1.37) and set a buy rating for the company in a research note on Friday, May 20th. Seven analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Sell and an average price target of GBX 40.20 ($0.52).
Ferrexpo Plc (LON:FXPO) opened at 72.25 on Thursday. The firm has a 50-day moving average price of GBX 68.70 and a 200 day moving average price of GBX 42.66. Ferrexpo Plc has a one year low of GBX 12.50 and a one year high of GBX 84.53. The firm’s market capitalization is GBX 423.00 million.
Ferrexpo Plc 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.
Receive News & Ratings for Ferrexpo Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrexpo Plc and related companies with Analyst Ratings Network's FREE daily email newsletter.