Ferrexpo (LON:FXPO) Price Target Cut to GBX 250

Ferrexpo (LON:FXPO) had its price target trimmed by JPMorgan Chase & Co. from GBX 270 ($3.53) to GBX 250 ($3.27) in a report published on Thursday, Digital Look reports. The firm currently has a neutral rating on the iron ore producer’s stock.

Other equities analysts have also recently issued research reports about the company. Liberum Capital reissued a buy rating on shares of Ferrexpo in a research report on Tuesday, July 16th. Deutsche Bank cut their price objective on Ferrexpo from GBX 325 ($4.25) to GBX 250 ($3.27) and set a hold rating for the company in a research report on Wednesday, September 4th. Shore Capital reissued a not rated rating on shares of Ferrexpo in a research report on Friday, August 30th. Finally, Barclays cut Ferrexpo to an equal weight rating and cut their price objective for the stock from GBX 350 ($4.57) to GBX 245 ($3.20) in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Ferrexpo currently has an average rating of Buy and a consensus target price of GBX 284.29 ($3.71).

LON FXPO opened at GBX 206.40 ($2.70) on Thursday. Ferrexpo has a twelve month low of GBX 138 ($1.80) and a twelve month high of GBX 305.60 ($3.99). 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 stock has a market capitalization of $1.21 billion and a PE ratio of 2.69. The stock has a 50-day simple moving average of GBX 226 and a 200 day simple moving average of GBX 247.49.

The firm also recently disclosed a dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 2.15%. Ferrexpo’s dividend payout ratio is presently 0.14%.

In other Ferrexpo news, insider Christopher Mawe acquired 3,503 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average price of GBX 195 ($2.55) per share, with a total value of £6,830.85 ($8,925.72).

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.

See Also: FAANG Stocks

Analyst Recommendations for Ferrexpo (LON:FXPO)

Receive News & Ratings for Ferrexpo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrexpo and related companies with MarketBeat.com's FREE daily email newsletter.