Deutsche Bank AG Downgrades Ferrexpo Plc (FXPO) to Hold

Deutsche Bank AG lowered shares of Ferrexpo Plc (LON:FXPO) to a hold rating in a report released on Friday morning, MarketBeat reports. They currently have GBX 280 ($3.68) price objective on the iron ore producer’s stock, up from their previous price objective of GBX 270 ($3.55).

Other analysts have also recently issued reports about the stock. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 230 ($3.02) target price on shares of Ferrexpo Plc in a research note on Friday, July 14th. Credit Suisse Group lifted their target price on shares of Ferrexpo Plc from GBX 200 ($2.63) to GBX 250 ($3.29) and gave the stock a neutral rating in a research note on Tuesday, August 8th. J P Morgan Chase & Co lowered shares of Ferrexpo Plc to a neutral rating and lifted their price target for the company from GBX 180 ($2.37) to GBX 190 ($2.50) in a report on Friday, August 4th. Liberum Capital reiterated a sell rating and issued a GBX 70 ($0.92) price target on shares of Ferrexpo Plc in a report on Thursday, August 3rd. Finally, Barclays PLC reiterated an underweight rating and issued a GBX 130 ($1.71) price target on shares of Ferrexpo Plc in a report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 168.57 ($2.22).

Ferrexpo Plc (LON:FXPO) opened at 281.70 on Friday. The stock has a 50 day moving average price of GBX 297.92 and a 200 day moving average price of GBX 218.27. Ferrexpo Plc has a one year low of GBX 82.72 and a one year high of GBX 326.60. The firm’s market cap is GBX 1.65 billion.

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Other analysts have also recently issued reports about the stock. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 230 ($3.02) target price on shares of Ferrexpo Plc in a research note on Friday, July 14th. Credit Suisse Group lifted their target price on shares of Ferrexpo Plc from GBX 200 ($2.63) to GBX 250 ($3.29) and gave the stock a neutral rating in a research note on Tuesday, August 8th. J P Morgan Chase & Co lowered shares of Ferrexpo Plc to a neutral rating and lifted their price target for the company from GBX 180 ($2.37) to GBX 190 ($2.50) in a report on Friday, August 4th. Liberum Capital reiterated a sell rating and issued a GBX 70 ($0.92) price target on shares of Ferrexpo Plc in a report on Thursday, August 3rd. Finally, Barclays PLC reiterated an underweight rating and issued a GBX 130 ($1.71) price target on shares of Ferrexpo Plc in a report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 168.57 ($2.22).

Ferrexpo Plc (LON:FXPO) opened at 281.70 on Friday. The stock has a 50 day moving average price of GBX 297.92 and a 200 day moving average price of GBX 218.27. Ferrexpo Plc has a one year low of GBX 82.72 and a one year high of GBX 326.60. The firm’s market cap is GBX 1.65 billion.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://ledgergazette.com/2017/10/10/deutsche-bank-ag-downgrades-ferrexpo-plc-fxpo-to-hold.html.

In related news, insider Oliver A. G. Baring sold 4,000 shares of Ferrexpo Plc stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of GBX 313 ($4.12), for a total transaction of £12,520 ($16,460.69).

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.

Analyst Recommendations for Ferrexpo Plc (LON:FXPO)

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