Ferrexpo (LON:FXPO) Rating Reiterated by Deutsche Bank

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.

In other Ferrexpo news, insider Christopher Mawe acquired 2,872 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was purchased at an average price of GBX 217 ($2.84) per share, with a total value of £6,232.24 ($8,143.53).

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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Analyst Recommendations for Ferrexpo (LON:FXPO)

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