Ferrexpo (LON:FXPO) Price Target Increased to GBX 165 by Analysts at Barclays

Ferrexpo (LON:FXPO) had its target price boosted by Barclays from GBX 145 ($1.89) to GBX 165 ($2.16) in a report published on Tuesday, Digital Look reports. They currently have an underweight rating on the iron ore producer’s stock.

FXPO has been the subject of a number of other research reports. Citigroup downgraded Ferrexpo to a sell rating and increased their price target for the company from GBX 135 ($1.76) to GBX 160 ($2.09) in a report on Friday, June 12th. JPMorgan Chase & Co. increased their price target on Ferrexpo from GBX 130 ($1.70) to GBX 150 ($1.96) and gave the stock a neutral rating in a research report on Wednesday, July 15th. Investec cut Ferrexpo to a hold rating and increased their price target for the stock from GBX 140 ($1.83) to GBX 175 ($2.29) in a research report on Wednesday, July 8th. Finally, Credit Suisse Group reiterated an outperform rating on shares of Ferrexpo in a research report on Monday, July 6th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Ferrexpo presently has a consensus rating of Hold and an average target price of GBX 164.29 ($2.15).

FXPO traded up GBX 3 ($0.04) on Tuesday, reaching GBX 192.30 ($2.51). The company’s stock had a trading volume of 1,066,116 shares, compared to its average volume of 1,812,707. The stock has a market cap of $1.13 billion and a price-to-earnings ratio of 2.96. Ferrexpo has a 1 year low of GBX 94.88 ($1.24) and a 1 year high of GBX 212.40 ($2.78). The company has a debt-to-equity ratio of 25.97, a current ratio of 1.92 and a quick ratio of 1.15. The business’s 50 day moving average is GBX 188.75 and its 200 day moving average is GBX 159.85.

The business also recently declared a dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th will be issued a $0.07 dividend. The ex-dividend date is Thursday, September 24th. This represents a yield of 2.74%. Ferrexpo’s dividend payout ratio is currently 15.38%.

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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