Shares of Ferrexpo Plc (LON:FXPO) have earned a consensus rating of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 284.67 ($3.72).
A number of equities research analysts have recently commented on the company. Barclays lifted their target price on Ferrexpo from GBX 280 ($3.66) to GBX 310 ($4.05) and gave the stock an “overweight” rating in a research note on Friday, March 8th. HSBC lowered their target price on Ferrexpo from GBX 250 ($3.27) to GBX 245 ($3.20) and set a “buy” rating on the stock in a research note on Wednesday, January 9th. JPMorgan Chase & Co. lowered their target price on Ferrexpo from GBX 240 ($3.14) to GBX 230 ($3.01) and set an “overweight” rating on the stock in a research note on Thursday, January 31st. Deutsche Bank reiterated a “buy” rating on shares of Ferrexpo in a research note on Thursday, February 7th. Finally, Liberum Capital reiterated a “hold” rating on shares of Ferrexpo in a research note on Tuesday, January 29th.
In other Ferrexpo news, insider Christopher Mawe bought 3,117 shares of the stock in a transaction dated Monday, January 14th. The shares were bought at an average cost of GBX 202 ($2.64) per share, for a total transaction of £6,296.34 ($8,227.28).
Ferrexpo Company Profile
Ferrexpo Plc mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry worldwide. The company operates two mines and a processing plant near Kremenchug in Ukraine; a port in Odessa; a fleet of vessels operating on the Rhine and Danube waterways; and an ocean going vessel on international sea routes.
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