Ferrexpo (LON:FXPO) Shares Up 22.4% – Here’s Why

Ferrexpo plc (LON:FXPO)’s stock price traded up 22.4% during mid-day trading on Monday . The company traded as high as GBX 73.56 and last traded at GBX 70.60. 15,627,566 shares traded hands during mid-day trading, an increase of 328% from the average session volume of 3,650,102 shares. The stock had previously closed at GBX 57.70.

Analysts Set New Price Targets

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

Ferrexpo Price Performance

The company has a market cap of £414.23 million, a price-to-earnings ratio of -1.37, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average price of GBX 55.11 and a two-hundred day moving average price of GBX 53.25.

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.