Ferrexpo (LON:FXPO) had its price objective boosted by Barclays from GBX 310 ($4.05) to GBX 350 ($4.57) in a research note released on Friday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has an overweight rating on the iron ore producer’s stock.
Other equities analysts also recently issued research reports about the company. HSBC dropped their price target 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. Deutsche Bank increased their price target on Ferrexpo from GBX 270 ($3.53) to GBX 310 ($4.05) and gave the stock a buy rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. increased their price target on Ferrexpo from GBX 270 ($3.53) to GBX 280 ($3.66) and gave the stock a neutral rating in a research report on Wednesday, April 10th. Finally, Liberum Capital reissued a hold rating on shares of Ferrexpo in a research report on Tuesday, January 29th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of GBX 295.43 ($3.86).
FXPO opened at GBX 296.40 ($3.87) on Friday. Ferrexpo has a 12-month low of GBX 138 ($1.80) and a 12-month high of GBX 288.80 ($3.77). The company has a debt-to-equity ratio of 59.21, a quick ratio of 0.46 and a current ratio of 0.82. The firm has a market cap of $1.74 billion and a PE ratio of 5.29.
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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