Ferrexpo Plc (FXPO) Receives Consensus Recommendation of “Hold” from Brokerages
Ferrexpo Plc (LON:FXPO) has been assigned an average recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 188.33 ($2.50).
FXPO has been the subject of several analyst reports. Deutsche Bank AG cut their price target on shares of Ferrexpo Plc from GBX 280 ($3.72) to GBX 270 ($3.59) and set a “buy” rating for the company in a research report on Thursday, June 22nd. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 180 ($2.39) price target on shares of Ferrexpo Plc in a research report on Tuesday, July 4th. Barclays PLC restated an “underweight” rating and set a GBX 130 ($1.73) price target on shares of Ferrexpo Plc in a research report on Friday, July 14th. HSBC Holdings plc restated a “buy” rating and set a GBX 230 ($3.06) price target on shares of Ferrexpo Plc in a research report on Friday, July 14th. Finally, Liberum Capital restated a “sell” rating and set a GBX 70 ($0.93) price target on shares of Ferrexpo Plc in a research report on Thursday, August 3rd.
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In other news, insider Oliver A. G. Baring sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of GBX 313 ($4.16), for a total transaction of £12,520 ($16,635.66).
Shares of Ferrexpo Plc (LON FXPO) traded down 4.11% on Thursday, hitting GBX 275.30. The stock had a trading volume of 2,278,518 shares. Ferrexpo Plc has a 1-year low of GBX 91.50 and a 1-year high of GBX 326.60. The firm has a 50-day moving average of GBX 296.77 and a 200 day moving average of GBX 221.96. The company’s market capitalization is GBX 1.61 billion.
Ferrexpo Plc 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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