HSBC Holdings plc reissued their buy rating on shares of Ferrexpo Plc (LON:FXPO) in a report issued on Friday. The firm currently has a GBX 230 ($3.00) price target on the iron ore producer’s stock.
A number of other equities research analysts have also recently weighed in on FXPO. Deutsche Bank AG reiterated a buy rating on shares of Ferrexpo Plc in a research report on Thursday, March 23rd. J P Morgan Chase & Co reiterated an overweight rating on shares of Ferrexpo Plc in a research report on Friday, April 7th. Credit Suisse Group lifted their price target on shares of Ferrexpo Plc from GBX 167 ($2.18) to GBX 200 ($2.61) and gave the company a neutral rating in a research report on Monday, April 10th. Barclays PLC lifted their price target on shares of Ferrexpo Plc from GBX 50 ($0.65) to GBX 130 ($1.70) and gave the company an underweight rating in a research report on Friday, April 21st. Finally, Liberum Capital reiterated a sell rating and set a GBX 70 ($0.91) price target on shares of Ferrexpo Plc in a research report on Wednesday, May 10th. Five equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 130.56 ($1.70).
Shares of Ferrexpo Plc (LON:FXPO) traded up 0.51% during trading on Friday, reaching GBX 216.20. 4,473,612 shares of the company traded hands. The firm has a 50 day moving average of GBX 179.13 and a 200 day moving average of GBX 159.21. Ferrexpo Plc has a 52 week low of GBX 36.05 and a 52 week high of GBX 218.20. The stock’s market capitalization is GBX 1.27 billion.
In other news, insider Christopher Mawe purchased 481 shares of the stock in a transaction on Wednesday, May 31st. The stock was bought at an average price of GBX 173 ($2.26) per share, for a total transaction of £832.13 ($1,086.62).
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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