Ferrexpo (LON:FXPO) Stock Price Up 13.3% – Here’s What Happened

Ferrexpo plc (LON:FXPO) shares rose 13.3% on Thursday . The stock traded as high as GBX 84.04 and last traded at GBX 78.50. Approximately 9,049,377 shares changed hands during trading, an increase of 285% from the average daily volume of 2,348,607 shares. The stock had previously closed at GBX 69.30.

Key Stories Impacting Ferrexpo

Here are the key news stories impacting Ferrexpo this week:

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Wall Street Analysts Forecast Growth

Separately, Peel Hunt reiterated a “hold” rating and issued a GBX 53 price target on shares of Ferrexpo in a research report on Monday, November 10th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Ferrexpo currently has an average rating of “Hold” and a consensus target price of GBX 53.

Ferrexpo Stock Performance

The company has a market capitalization of £461.89 million, a P/E ratio of -1.53, a PEG ratio of -0.18 and a beta of 1.26. The stock’s fifty day moving average price is GBX 69.05 and its 200-day moving average price is GBX 58.39. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11.

Ferrexpo Company Profile

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group’s iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore.

Ferrexpo’s operations have been supplying the global steel industry for over 50 years, and in 2022 the Group produced 6.1 million tonnes of iron ore pellets, despite the war in Ukraine.