Ferrexpo Plc (LON:FXPO) had its price target upped by stock analysts at Jefferies Group from GBX 30 ($0.37) to GBX 50 ($0.61) in a report released on Friday. The firm currently has an “underperform” rating on the iron ore producer’s stock. Jefferies Group’s price objective would suggest a potential downside of 51.22% from the company’s current price.
Other research analysts have also issued reports about the stock. Credit Suisse Group AG upgraded shares of Ferrexpo Plc to a “neutral” rating and boosted their price target for the company from GBX 28 ($0.34) to GBX 60 ($0.73) in a research report on Thursday, August 4th. JPMorgan Chase & Co. boosted their price target on shares of Ferrexpo Plc from GBX 40 ($0.49) to GBX 45 ($0.55) and gave the company a “neutral” rating in a research report on Thursday, August 4th. Deutsche Bank AG restated a “buy” rating and set a GBX 115 ($1.40) price target on shares of Ferrexpo Plc in a research report on Thursday, August 4th. Investec upped their target price on shares of Ferrexpo Plc from GBX 24 ($0.29) to GBX 25 ($0.30) and gave the stock a “sell” rating in a research report on Tuesday, July 19th. Finally, Liberum Capital reiterated a “sell” rating and issued a GBX 26 ($0.32) target price on shares of Ferrexpo Plc in a research report on Tuesday, July 5th. Seven analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Sell” and an average target price of GBX 43.70 ($0.53).
Ferrexpo Plc (LON:FXPO) opened at 105.05 on Friday. Ferrexpo Plc has a 52-week low of GBX 12.50 and a 52-week high of GBX 107.89. The company’s market capitalization is GBX 615.03 million. The stock has a 50 day moving average price of GBX 75.04 and a 200 day moving average price of GBX 49.12.
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.
Receive News & Ratings for Ferrexpo Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrexpo Plc and related companies with MarketBeat.com's FREE daily email newsletter.