Ferrexpo (LON:FXPO) PT Lowered to GBX 250 at JPMorgan Chase & Co.
Ferrexpo (LON:FXPO) had its price objective dropped by investment analysts at JPMorgan Chase & Co. from GBX 270 ($3.53) to GBX 250 ($3.27) in a research report issued on Thursday, Digital Look reports. The firm presently has a “neutral” rating on the iron ore producer’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 25.06% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Liberum Capital reissued a “buy” rating on shares of Ferrexpo in a report on Tuesday, July 16th. Deutsche Bank lowered their target price on shares of Ferrexpo from GBX 325 ($4.25) to GBX 250 ($3.27) and set a “hold” rating on the stock in a report on Wednesday, September 4th. Shore Capital reissued a “not rated” rating on shares of Ferrexpo in a report on Friday, August 30th. Finally, Barclays cut shares of Ferrexpo to an “equal weight” rating and lowered their target price for the company from GBX 350 ($4.57) to GBX 245 ($3.20) in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Ferrexpo currently has a consensus rating of “Buy” and a consensus target price of GBX 284.29 ($3.71).
Ferrexpo stock traded up GBX 1.15 ($0.02) during trading on Thursday, hitting GBX 199.90 ($2.61). The stock had a trading volume of 1,964,314 shares, compared to its average volume of 2,650,000. Ferrexpo has a 1 year low of GBX 138 ($1.80) and a 1 year high of GBX 305.60 ($3.99). The company has a quick ratio of 1.12, a current ratio of 2.08 and a debt-to-equity ratio of 34.27. The stock’s 50 day moving average is GBX 227.18 and its two-hundred day moving average is GBX 247.74. The stock has a market cap of $1.16 billion and a price-to-earnings ratio of 2.61.
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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