Ferrexpo Plc (FXPO) Receives Average Recommendation of “Hold” from Brokerages

Shares of Ferrexpo Plc (LON:FXPO) have received a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 96.43 ($1.23).

Several equities research analysts have weighed in on FXPO shares. Deutsche Bank AG reiterated a “buy” rating on shares of Ferrexpo Plc in a report on Thursday, March 23rd. Credit Suisse Group upgraded Ferrexpo Plc to a “neutral” rating and increased their price objective for the stock from GBX 120 ($1.53) to GBX 170 ($2.17) in a report on Tuesday, March 7th. J P Morgan Chase & Co reissued an “overweight” rating on shares of Ferrexpo Plc in a research report on Friday, April 7th. Liberum Capital reissued a “sell” rating and issued a GBX 70 ($0.89) target price on shares of Ferrexpo Plc in a research report on Wednesday, May 10th. Finally, Barclays PLC reissued an “underweight” rating and issued a GBX 130 ($1.66) target price on shares of Ferrexpo Plc in a research report on Wednesday, May 3rd.

In related news, insider Christopher Mawe acquired 481 shares of Ferrexpo Plc stock in a transaction that occurred on Wednesday, May 31st. The stock was bought at an average price of GBX 173 ($2.20) per share, with a total value of £832.13 ($1,060.17).

Shares of Ferrexpo Plc (LON:FXPO) traded up 2.25% during trading on Friday, reaching GBX 190.70. 2,085,743 shares of the company traded hands. The stock’s market cap is GBX 1.12 billion. Ferrexpo Plc has a 12 month low of GBX 28.50 and a 12 month high of GBX 197.45. The stock’s 50 day moving average price is GBX 170.93 and its 200-day moving average price is GBX 156.23.

The business also recently disclosed a dividend, which was paid on Wednesday, May 31st. Investors of record on Thursday, May 4th were given a dividend of €0.03 ($0.04) per share. This represents a yield of 1.54%. The ex-dividend date was Thursday, May 4th.

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Ferrexpo Plc Company Profile

Ferrexpo plc is an iron ore pellet producer. The Company produces, develops and markets its principal product, iron ore pellets, for sale to the metallurgical industry. The Company’s operations are vertically integrated from iron ore mining through to iron ore concentrate, and pellet production and subsequent logistics.

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