Ferrexpo (LON:FXPO)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research note issued on Monday, Digital Look reports. They currently have a GBX 310 ($4.05) target price on the iron ore producer’s stock. Deutsche Bank’s target price indicates a potential upside of 17.78% from the company’s current price.
A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Engie to a “hold” rating in a research report on Wednesday, April 10th. Credit Suisse Group reissued a “hold” rating and set a $32.00 price target on shares of CRH in a research report on Thursday, April 25th. HSBC reissued a “hold” rating on shares of Anglo American in a research report on Tuesday, April 16th. Liberum Capital reissued a “buy” rating and set a GBX 810 ($10.58) price target on shares of in a research report on Wednesday, July 3rd. Finally, Shore Capital reissued a “not rated” rating on shares of Ferrexpo in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 314.29 ($4.11).
Shares of FXPO stock traded up GBX 3.90 ($0.05) during mid-day trading on Monday, reaching GBX 263.20 ($3.44). 1,569,844 shares of the company were exchanged, compared to its average volume of 2,650,000. Ferrexpo has a fifty-two week low of GBX 138 ($1.80) and a fifty-two week high of GBX 305.60 ($3.99). The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 46.36. The company has a market capitalization of $1.55 billion and a P/E ratio of 4.64. The company has a 50 day moving average price of GBX 250.07.
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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