Ferrexpo (FXPO) Given New GBX 280 Price Target at JPMorgan Chase & Co.
Ferrexpo (LON:FXPO) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from GBX 270 ($3.53) to GBX 280 ($3.66) in a research note issued on Wednesday, ThisIsMoney.Co.Uk reports. The firm currently has a “neutral” rating on the iron ore producer’s stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 5.69% from the company’s previous close.
Several other equities research analysts also recently commented on the company. Deutsche Bank lifted their price objective on Ferrexpo from GBX 270 ($3.53) to GBX 310 ($4.05) and gave the stock a “buy” rating in a report on Wednesday. HSBC decreased their target price on Ferrexpo from GBX 250 ($3.27) to GBX 245 ($3.20) and set a “buy” rating for the company in a research report on Wednesday, January 9th. Barclays upped their target price on shares of Ferrexpo from GBX 255 ($3.33) to GBX 280 ($3.66) and gave the company an “overweight” rating in a research note on Wednesday, February 6th. Finally, Liberum Capital reaffirmed a “hold” rating on shares of Ferrexpo in a report on Tuesday, January 29th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Ferrexpo presently has a consensus rating of “Buy” and an average price target of GBX 289.71 ($3.79).
Shares of LON:FXPO opened at GBX 296.89 ($3.88) on Wednesday. The firm has a market cap of $1.70 billion and a PE ratio of 5.30. The company has a debt-to-equity ratio of 59.21, a quick ratio of 0.46 and a current ratio of 0.82. Ferrexpo has a 1 year low of GBX 138 ($1.80) and a 1 year high of GBX 288.80 ($3.77).
Ferrexpo Plc mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry worldwide. The company operates two mines and a processing plant near Kremenchug in Ukraine; a port in Odessa; a fleet of vessels operating on the Rhine and Danube waterways; and an ocean going vessel on international sea routes.
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