Ferrexpo Plc (LON:FXPO)‘s stock had its “sell” rating reissued by research analysts at Liberum Capital in a report issued on Thursday, August 3rd. They presently have a GBX 70 ($0.91) target price on the iron ore producer’s stock. Liberum Capital’s price objective indicates a potential downside of 73.20% from the stock’s previous close.
FXPO has been the topic of a number of other reports. Credit Suisse Group boosted their price target on shares of Ferrexpo Plc from GBX 167 ($2.17) to GBX 200 ($2.60) and gave the company a “neutral” rating in a research report on Monday, April 10th. J P Morgan Chase & Co reduced their price target on shares of Ferrexpo Plc from GBX 195 ($2.53) to GBX 180 ($2.34) and set an “overweight” rating on the stock in a research report on Monday, June 5th. Barclays PLC upped their target price on shares of Ferrexpo Plc from GBX 50 ($0.65) to GBX 130 ($1.69) and gave the stock an “underweight” rating in a research report on Friday, April 21st. HSBC Holdings plc reiterated a “buy” rating and set a GBX 230 ($2.99) target price on shares of Ferrexpo Plc in a research report on Friday, July 14th. Finally, Deutsche Bank AG dropped their price target on shares of Ferrexpo Plc from GBX 280 ($3.63) to GBX 270 ($3.51) and set a “buy” rating for the company in a research note on Thursday, June 22nd. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 150.63 ($1.96).
Shares of Ferrexpo Plc (LON FXPO) opened at 261.20 on Thursday. The stock has a 50 day moving average price of GBX 225.15 and a 200-day moving average price of GBX 180.13. The firm’s market capitalization is GBX 1.53 billion. Ferrexpo Plc has a 52 week low of GBX 61.00 and a 52 week high of GBX 271.70.
In other news, insider Christopher Mawe purchased 481 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was purchased at an average price of GBX 173 ($2.25) per share, for a total transaction of £832.13 ($1,080.27).
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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