Ferrexpo (LON:FXPO) had its target price dropped by analysts at JPMorgan Chase from GBX 260 ($3.65) to GBX 250 ($3.51) in a research report issued on Friday. The firm presently has a “neutral” rating on the iron ore producer’s stock. JPMorgan Chase’s target price suggests a potential upside of 13.38% from the stock’s current price.
A number of other equities analysts also recently commented on the stock. Credit Suisse Group increased their price objective on shares of Ferrexpo from GBX 247.64 ($3.48) to GBX 340 ($4.77) and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Barclays reaffirmed an “underweight” rating and issued a GBX 215 ($3.02) target price on shares of Ferrexpo in a report on Monday, January 8th. Deutsche Bank reaffirmed a “hold” rating on shares of Ferrexpo in a report on Thursday, March 22nd. Citigroup reaffirmed a “sell” rating and issued a GBX 220 ($3.09) target price on shares of Ferrexpo in a report on Thursday, March 22nd. Finally, Liberum Capital reaffirmed a “sell” rating and issued a GBX 130 ($1.82) target price on shares of Ferrexpo in a report on Wednesday, March 21st. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 237.14 ($3.33).
Ferrexpo stock opened at GBX 220.50 ($3.10) on Friday. Ferrexpo has a one year low of GBX 136.88 ($1.92) and a one year high of GBX 326.60 ($4.58).
Ferrexpo Company Profile
Ferrexpo plc mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry worldwide. The company operates two open-pit mines and a processing plant near Kremenchug in Ukraine; a port in Odessa; a fleet of vessels operating on the Rhine and Danube waterways; and an ocean going vessel on international sea routes.
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