Ferrexpo Plc (LON:FXPO) had its price objective cut by J P Morgan Chase & Co from GBX 190 ($2.52) to GBX 175 ($2.33) in a research note issued to investors on Friday, October 6th. They currently have a neutral rating on the iron ore producer’s stock.
FXPO has been the subject of a number of other research reports. HSBC Holdings plc reiterated a buy rating and set a GBX 230 ($3.06) target price on shares of Ferrexpo Plc in a research report on Friday, July 14th. Credit Suisse Group increased their target price on shares of Ferrexpo Plc from GBX 200 ($2.66) to GBX 250 ($3.32) and gave the stock a neutral rating in a research report on Tuesday, August 8th. Deutsche Bank AG cut shares of Ferrexpo Plc to a hold rating and increased their target price for the stock from GBX 270 ($3.59) to GBX 280 ($3.72) in a research report on Friday, October 6th. Liberum Capital reiterated a sell rating and set a GBX 70 ($0.93) target price on shares of Ferrexpo Plc in a research report on Thursday, August 3rd. Finally, Barclays PLC reiterated an underweight rating and set a GBX 130 ($1.73) target price on shares of Ferrexpo Plc in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 188.33 ($2.50).
Shares of Ferrexpo Plc (FXPO) opened at 272.70 on Friday. The stock’s market cap is GBX 1.60 billion. The firm has a 50-day moving average price of GBX 295.72 and a 200-day moving average price of GBX 223.42. Ferrexpo Plc has a 12 month low of GBX 91.50 and a 12 month high of GBX 326.60.
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In other Ferrexpo Plc news, insider Oliver A. G. Baring sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of GBX 313 ($4.16), for a total transaction of £12,520 ($16,635.66).
About Ferrexpo Plc
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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