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Ferrexpo Plc’s (FXPO) Underweight Rating Reaffirmed at Barclays PLC
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A number of other equities analysts have also commented on FXPO. Deutsche Bank AG restated a buy rating on shares of Ferrexpo Plc in a research note on Thursday, March 23rd. J P Morgan Chase & Co reiterated an overweight rating on shares of Ferrexpo Plc in a research note on Friday, April 7th. Credit Suisse Group lifted their price target on Ferrexpo Plc from GBX 167 ($2.18) to GBX 200 ($2.61) and gave the company a neutral rating in a research note on Monday, April 10th. Finally, Liberum Capital reiterated a sell rating and issued a GBX 70 ($0.91) price target on shares of Ferrexpo Plc in a research note on Wednesday, May 10th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 130.56 ($1.70).
Shares of Ferrexpo Plc (LON FXPO) traded up 0.51% during mid-day trading on Friday, reaching GBX 216.20. The company’s stock had a trading volume of 4,473,612 shares. Ferrexpo Plc has a 52-week low of GBX 36.05 and a 52-week high of GBX 218.20. The firm has a 50 day moving average price of GBX 179.13 and a 200 day moving average price of GBX 159.21. The firm’s market cap is GBX 1.27 billion.
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In related news, insider Christopher Mawe bought 481 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were purchased at an average cost of GBX 173 ($2.26) per share, with a total value of £832.13 ($1,086.62).
About Ferrexpo Plc
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.