Ferrexpo Plc (FXPO) Receives GBX 212.50 Consensus Target Price from Brokerages

Shares of Ferrexpo Plc (LON:FXPO) have been given an average recommendation of “Hold” by the six analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 212.50 ($2.86).

A number of analysts have recently commented on FXPO shares. J P Morgan Chase & Co dropped their price target on Ferrexpo from GBX 190 ($2.56) to GBX 175 ($2.36) and set a “neutral” rating on the stock in a research report on Friday, October 6th. Liberum Capital reissued a “sell” rating and issued a GBX 130 ($1.75) price target on shares of Ferrexpo in a research report on Monday, October 30th. Barclays boosted their price target on Ferrexpo from GBX 130 ($1.75) to GBX 215 ($2.89) and gave the stock an “underweight” rating in a research report on Tuesday, October 24th. Deutsche Bank cut Ferrexpo to a “hold” rating and boosted their price target for the stock from GBX 270 ($3.63) to GBX 280 ($3.77) in a research report on Friday, October 6th. Finally, Credit Suisse Group boosted their price target on Ferrexpo from GBX 200 ($2.69) to GBX 250 ($3.36) and gave the stock a “neutral” rating in a research report on Tuesday, August 8th.

In other news, insider Oliver A. G. Baring sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of GBX 277 ($3.73), for a total value of £16,620 ($22,368.78). Also, insider Oliver A. G. Baring sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of GBX 313 ($4.21), for a total value of £12,520 ($16,850.61).

Ferrexpo (LON:FXPO) traded down GBX 2.40 ($0.03) during trading on Friday, reaching GBX 251.70 ($3.39). The company’s stock had a trading volume of 1,735,339 shares, compared to its average volume of 1,970,000. Ferrexpo has a fifty-two week low of GBX 122.97 ($1.66) and a fifty-two week high of GBX 326.60 ($4.40).

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About Ferrexpo

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 (LON:FXPO)

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