Shares of Ferrexpo Plc (LON:FXPO) have earned an average rating of “Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 284.67 ($3.72).
A number of research firms have recently issued reports on FXPO. Deutsche Bank upgraded Ferrexpo to a “buy” rating and boosted their price objective for the company from GBX 220 ($2.87) to GBX 270 ($3.53) in a research report on Thursday, January 31st. JPMorgan Chase & Co. boosted their price objective on Ferrexpo from GBX 230 ($3.01) to GBX 270 ($3.53) and gave the company an “overweight” rating in a research report on Monday, March 4th. Barclays boosted their price objective on Ferrexpo from GBX 280 ($3.66) to GBX 310 ($4.05) and gave the company an “overweight” rating in a research report on Friday, March 8th. Liberum Capital restated a “hold” rating on shares of Ferrexpo in a research report on Tuesday, January 29th. Finally, HSBC lowered their price objective on Ferrexpo from GBX 250 ($3.27) to GBX 245 ($3.20) and set a “buy” rating on the stock in a research report on Wednesday, January 9th.
LON FXPO traded down GBX 9.20 ($0.12) during trading on Thursday, hitting GBX 247.50 ($3.23). The company’s stock had a trading volume of 1,694,868 shares, compared to its average volume of 2,650,000. The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 59.21. The company has a market cap of $1.45 billion and a P/E ratio of 4.42. Ferrexpo has a 52 week low of GBX 138 ($1.80) and a 52 week high of GBX 312.10 ($4.08).
In related news, insider Christopher Mawe purchased 3,117 shares of the stock in a transaction on Monday, January 14th. The shares were purchased at an average cost of GBX 202 ($2.64) per share, for a total transaction of £6,296.34 ($8,227.28).
Ferrexpo Company Profile
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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