Ferrexpo (FXPO) Earns Underweight Rating from Barclays
Barclays reaffirmed their underweight rating on shares of Ferrexpo (LON:FXPO) in a research note released on Monday. They currently have a GBX 215 ($2.92) price target on the iron ore producer’s stock.
A number of other brokerages have also recently issued reports on FXPO. JPMorgan Chase & Co. dropped their price target on shares of Ferrexpo from GBX 190 ($2.58) to GBX 175 ($2.37) and set a neutral rating on the stock in a research note on Friday, October 6th. Deutsche Bank cut shares of Ferrexpo to a hold rating and upped their price target for the stock from GBX 270 ($3.66) to GBX 280 ($3.80) in a research note on Friday, October 6th. Finally, Liberum Capital restated a sell rating and set a GBX 130 ($1.76) target price on shares of Ferrexpo in a research note on Monday, October 30th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 223.33 ($3.03).
Ferrexpo (LON:FXPO) opened at GBX 305.70 ($4.15) on Monday. The stock has a market cap of $1,770.00 and a PE ratio of 745.61. Ferrexpo has a one year low of GBX 122.97 ($1.67) and a one year high of GBX 326.60 ($4.43).
The business also recently announced a dividend, which will be paid on Monday, January 15th. Shareholders of record on Thursday, December 14th will be paid a dividend of $0.03 per share. This represents a yield of 0.97%. The ex-dividend date of this dividend is Thursday, December 14th.
In other Ferrexpo news, insider Oliver A. G. Baring sold 6,000 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of GBX 277 ($3.76), for a total transaction of £16,620 ($22,538.65).
Ferrexpo 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.
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