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.
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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