JPMorgan Chase & Co. Lowers Ferrexpo (LON:FXPO) Price Target to GBX 270

Ferrexpo (LON:FXPO) had its price target lowered by JPMorgan Chase & Co. from GBX 290 ($3.79) to GBX 270 ($3.53) in a research note published on Monday, Digital Look reports. The firm currently has a neutral rating on the iron ore producer’s stock.

Several other research firms have also commented on FXPO. Barclays lowered Ferrexpo to an equal weight rating and lowered their price target for the stock from GBX 350 ($4.57) to GBX 245 ($3.20) in a research report on Tuesday, August 6th. Credit Suisse Group raised their price target on Ferrexpo from GBX 260 ($3.40) to GBX 325 ($4.25) and gave the stock an outperform rating in a research report on Thursday, April 25th. Shore Capital restated a not rated rating on shares of Ferrexpo in a research report on Tuesday, April 23rd. Deutsche Bank restated a hold rating on shares of Ferrexpo in a research report on Monday, August 5th. Finally, HSBC raised their price target on Ferrexpo from GBX 310 ($4.05) to GBX 340 ($4.44) and gave the stock a buy rating in a research report on Tuesday, April 16th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of GBX 297.86 ($3.89).

FXPO opened at GBX 216.70 ($2.83) on Monday. Ferrexpo has a 52 week low of GBX 138 ($1.80) and a 52 week high of GBX 305.60 ($3.99). The stock’s fifty day moving average price is GBX 255.63. The stock has a market capitalization of $1.28 billion and a price-to-earnings ratio of 2.83. The company has a debt-to-equity ratio of 34.27, a quick ratio of 1.12 and a current ratio of 2.08.

The business also recently announced a dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a yield of 2.15%. Ferrexpo’s dividend payout ratio (DPR) is presently 0.14%.

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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Analyst Recommendations for Ferrexpo (LON:FXPO)

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