Ferrexpo Plc’s (LON:FXPO) “Underweight” Rating Reiterated at Barclays PLC

Barclays PLC restated their underweight rating on shares of Ferrexpo Plc (LON:FXPO) in a research note issued to investors on Friday. The firm currently has a GBX 130 ($1.70) price target on the iron ore producer’s stock.

FXPO has been the subject of several other reports. Credit Suisse Group boosted their price objective on shares of Ferrexpo Plc from GBX 167 ($2.18) to GBX 200 ($2.61) and gave the stock a neutral rating in a research note on Monday, April 10th. J P Morgan Chase & Co reissued an overweight rating and set a GBX 180 ($2.35) target price on shares of Ferrexpo Plc in a research report on Monday, July 10th. Deutsche Bank AG reissued a buy rating on shares of Ferrexpo Plc in a research report on Thursday, March 23rd. Finally, Liberum Capital reissued a sell rating and set a GBX 70 ($0.91) target price on shares of Ferrexpo Plc in a research report on Wednesday, May 10th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 130.56 ($1.70).

Ferrexpo Plc (LON:FXPO) traded up 0.51% during midday trading on Friday, reaching GBX 216.20. 4,473,612 shares of the company’s stock were exchanged. The firm’s market capitalization is GBX 1.27 billion. The stock’s 50 day moving average is GBX 179.13 and its 200 day moving average is GBX 159.21. Ferrexpo Plc has a 52 week low of GBX 36.05 and a 52 week high of GBX 218.20.

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In related news, insider Christopher Mawe purchased 481 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were purchased at an average cost of GBX 173 ($2.26) per share, with a total value of £832.13 ($1,086.62).

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.

Analyst Recommendations for Ferrexpo Plc (LON:FXPO)

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