Barclays Lowers Ferrexpo (LON:FXPO) to Equal Weight

Barclays cut shares of Ferrexpo (LON:FXPO) to an equal weight rating in a research report released on Tuesday, Digital Look reports. Barclays currently has GBX 245 ($3.20) price objective on the iron ore producer’s stock, down from their previous price objective of GBX 350 ($4.57).

A number of other research analysts have also weighed in on FXPO. Deutsche Bank reaffirmed a hold rating on shares of Ferrexpo in a research note on Monday, August 5th. Credit Suisse Group lifted their price target on shares of 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. Shore Capital reaffirmed a not rated rating on shares of Ferrexpo in a research note on Tuesday, April 23rd. HSBC lifted their price target on shares of 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of GBX 300.71 ($3.93).

Ferrexpo stock opened at GBX 224.80 ($2.94) on Tuesday. The business’s 50 day moving average price is GBX 260.45. 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 market cap of $1.32 billion and a price-to-earnings ratio of 2.93. The company has a quick ratio of 1.12, a current ratio of 2.08 and a debt-to-equity ratio of 34.27.

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be issued a $0.07 dividend. The ex-dividend date is Thursday, August 15th. This represents a dividend yield of 2.15%. Ferrexpo’s dividend payout ratio (DPR) is presently 0.13%.

In other news, insider Christopher Mawe bought 2,872 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average cost of GBX 217 ($2.84) per share, for a total transaction 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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