Ferrexpo Plc (LON:FXPO) had its price target raised by analysts at Deutsche Bank AG from GBX 115 ($1.50) to GBX 130 ($1.70) in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the iron ore producer’s stock. Deutsche Bank AG’s price target would indicate a potential upside of 62.50% from the company’s previous close.
A number of other analysts also recently weighed in on FXPO. Credit Suisse Group AG increased their price target on shares of Ferrexpo Plc from GBX 22 ($0.29) to GBX 25 ($0.33) and gave the company an “underperform” rating in a report on Thursday, June 30th. JPMorgan Chase & Co. increased their price objective on shares of Ferrexpo Plc from GBX 40 ($0.52) to GBX 45 ($0.59) and gave the company a “neutral” rating in a research note on Thursday, August 4th. Jefferies Group increased their price objective on shares of Ferrexpo Plc from GBX 20 ($0.26) to GBX 30 ($0.39) and gave the company an “underperform” rating in a research note on Thursday, August 4th. Macquarie restated an “underperform” rating and issued a GBX 20 ($0.26) price objective on shares of Ferrexpo Plc in a research note on Monday, September 5th. Finally, Barclays PLC restated an “underweight” rating on shares of Ferrexpo Plc in a research note on Wednesday, September 21st. Seven research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Ferrexpo Plc currently has a consensus rating of “Sell” and an average price target of GBX 41.70 ($0.54).
Shares of Ferrexpo Plc (LON:FXPO) opened at 81.50 on Wednesday. The stock has a 50 day moving average of GBX 72.19 and a 200-day moving average of GBX 45.86. The firm’s market capitalization is GBX 477.15 million. Ferrexpo Plc has a 52 week low of GBX 12.50 and a 52 week high of GBX 85.39.
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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