Ferrexpo (LON:FXPO) was downgraded by investment analysts at Deutsche Bank to a “hold” rating in a report released on Wednesday, Digital Look reports. They currently have a GBX 325 ($4.25) target price on the iron ore producer’s stock. Deutsche Bank’s price objective indicates a potential upside of 23.48% from the stock’s previous close.
A number of other research analysts have also weighed in on FXPO. JPMorgan Chase & Co. lowered shares of Engie to a “hold” rating in a report on Wednesday, April 10th. HSBC reissued a “hold” rating on shares of Anglo American in a report on Tuesday, April 16th. Liberum Capital reissued a “buy” rating and issued a GBX 810 ($10.58) target price on shares of in a report on Wednesday, July 3rd. Credit Suisse Group reissued a “hold” rating and issued a $32.00 target price on shares of CRH in a report on Thursday, April 25th. Finally, Barclays reissued an “underweight” rating on shares of in a report on Thursday, July 4th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 314.29 ($4.11).
Shares of FXPO stock traded up GBX 3.90 ($0.05) on Wednesday, reaching GBX 263.20 ($3.44). The company’s stock had a trading volume of 1,569,844 shares, compared to its average volume of 2,650,000. The stock’s fifty day simple moving average is GBX 250.07. Ferrexpo has a 1 year low of GBX 138 ($1.80) and a 1 year high of GBX 305.60 ($3.99). The company has a debt-to-equity ratio of 46.36, a current ratio of 1.21 and a quick ratio of 0.64. The stock has a market capitalization of $1.55 billion and a P/E ratio of 4.64.
In other news, insider Christopher Mawe acquired 2,872 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was bought at an average cost of GBX 217 ($2.84) per share, with a total value of £6,232.24 ($8,143.53).
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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