Ferrexpo Plc (LON:FXPO) has received an average recommendation of “Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 265.75 ($3.47).
Several research analysts have recently commented on FXPO shares. Barclays upgraded Ferrexpo to an “overweight” rating and raised their price target for the stock from GBX 140 ($1.83) to GBX 300 ($3.92) in a research report on Thursday, October 4th. Credit Suisse Group upgraded Ferrexpo to an “outperform” rating and raised their price target for the stock from GBX 210 ($2.74) to GBX 310 ($4.05) in a research report on Monday, November 12th. Deutsche Bank restated a “hold” rating on shares of Ferrexpo in a research report on Monday, October 15th. Citigroup restated a “buy” rating and set a GBX 280 ($3.66) price target on shares of Ferrexpo in a research report on Tuesday, September 25th. Finally, HSBC lowered their price target on Ferrexpo from GBX 250 ($3.27) to GBX 245 ($3.20) and set a “buy” rating for the company in a research report on Wednesday.
Ferrexpo stock traded up GBX 1.50 ($0.02) during mid-day trading on Friday, hitting GBX 204 ($2.67). The company’s stock had a trading volume of 2,212,772 shares, compared to its average volume of 2,650,000. Ferrexpo has a 1 year low of GBX 136.88 ($1.79) and a 1 year high of GBX 326.60 ($4.27).
The business also recently disclosed a dividend, which will be paid on Monday, January 14th. Stockholders of record on Thursday, December 13th will be paid a $0.07 dividend. This is a boost from Ferrexpo’s previous dividend of $0.03. This represents a dividend yield of 2.82%. The ex-dividend date is Thursday, December 13th.
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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