Shares of Ferrexpo Plc (LON:FXPO) have been assigned a consensus rating of “Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 312 ($4.08).
A number of research analysts recently commented on FXPO shares. Deutsche Bank downgraded Ferrexpo to a “hold” rating and boosted their price target for the company from GBX 310 ($4.05) to GBX 325 ($4.25) in a research note on Wednesday, July 10th. JPMorgan Chase & Co. boosted their price target on Ferrexpo from GBX 280 ($3.66) to GBX 290 ($3.79) and gave the company a “neutral” rating in a research note on Friday, July 19th. HSBC boosted their price target on Ferrexpo from GBX 310 ($4.05) to GBX 340 ($4.44) and gave the company a “buy” rating in a research note on Tuesday, April 16th. Liberum Capital reaffirmed a “buy” rating on shares of Ferrexpo in a research note on Tuesday, July 16th. Finally, Credit Suisse Group boosted their price target on Ferrexpo from GBX 260 ($3.40) to GBX 325 ($4.25) and gave the company an “outperform” rating in a research note on Thursday, April 25th.
FXPO stock traded down GBX 6.80 ($0.09) during midday trading on Wednesday, reaching GBX 257.70 ($3.37). The company had a trading volume of 1,973,593 shares, compared to its average volume of 2,650,000. The stock has a market capitalization of $1.52 billion and a P/E ratio of 4.54. The company’s 50 day simple moving average is GBX 264.05. Ferrexpo has a 1-year low of GBX 138 ($1.80) and a 1-year high of GBX 305.60 ($3.99). The company has a debt-to-equity ratio of 46.36, a current ratio of 1.21 and a quick ratio of 0.64.
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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