Ferrexpo (LON:FXPO) Trading Up 21.9% – Should You Buy?

Ferrexpo plc (LON:FXPO) rose 21.9% during mid-day trading on Monday . The stock traded as high as GBX 73.56 and last traded at GBX 70.31. Approximately 66,678,977 shares traded hands during mid-day trading, an increase of 1,621% from the average daily volume of 3,874,011 shares. The stock had previously closed at GBX 57.70.

Analysts Set New Price Targets

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

Ferrexpo Trading Up 21.9%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11. The firm has a market capitalization of £413.70 million, a price-to-earnings ratio of -1.37, a P/E/G ratio of -0.18 and a beta of 1.26. The business has a fifty day moving average price of GBX 54 and a 200 day moving average price of GBX 52.99.

About Ferrexpo

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.