Ferrexpo’s (LON:FXPO) Underweight Rating Reaffirmed at Barclays

Ferrexpo (LON:FXPO)‘s stock had its “underweight” rating reiterated by stock analysts at Barclays in a research report issued on Monday, January 8th. They currently have a GBX 215 ($2.92) price objective on the iron ore producer’s stock. Barclays’ target price points to a potential downside of 30.60% from the company’s previous close.

FXPO has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their target price on Ferrexpo from GBX 190 ($2.58) to GBX 175 ($2.37) and set a “neutral” rating on the stock in a research note on Friday, October 6th. Liberum Capital reaffirmed a “sell” rating and set a GBX 130 ($1.76) target price on shares of Ferrexpo in a research note on Monday, October 30th. Finally, Deutsche Bank cut Ferrexpo to a “hold” rating and upped their target price for the company from GBX 270 ($3.66) to GBX 280 ($3.80) in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 223.33 ($3.03).

Ferrexpo (LON:FXPO) opened at GBX 313.20 ($4.25) on Monday. The firm has a market cap of $1,800.00 and a P/E ratio of 783.00. Ferrexpo has a one year low of GBX 122.97 ($1.67) and a one year high of GBX 326.60 ($4.43).

In related news, insider Oliver A. G. Baring sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of GBX 277 ($3.76), for a total value of £16,620 ($22,538.65).

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About Ferrexpo

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.

Analyst Recommendations for Ferrexpo (LON:FXPO)

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