Ferrexpo Plc’s (LON:FXPO) Underweight Rating Reaffirmed at Barclays PLC

Barclays PLC reaffirmed their underweight rating on shares of Ferrexpo Plc (LON:FXPO) in a report issued on Friday morning. The brokerage currently has a GBX 130 ($1.70) target price on the iron ore producer’s stock.

A number of other research analysts have also recently weighed in on FXPO. J P Morgan Chase & Co restated an overweight rating and issued a GBX 180 ($2.35) price objective on shares of Ferrexpo Plc in a report on Monday, July 10th. Deutsche Bank AG restated a buy rating and issued a GBX 270 ($3.53) price objective on shares of Ferrexpo Plc in a report on Friday, July 7th. Credit Suisse Group lifted their price objective on shares of Ferrexpo Plc from GBX 167 ($2.18) to GBX 200 ($2.61) and gave the company a neutral rating in a report on Monday, April 10th. Finally, Liberum Capital restated a sell rating and issued a GBX 70 ($0.91) price objective on shares of Ferrexpo Plc in a report on Wednesday, May 10th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Ferrexpo Plc presently has a consensus rating of Hold and a consensus target price of GBX 130.56 ($1.70).

Shares of Ferrexpo Plc (LON FXPO) traded up 0.51% during midday trading on Friday, hitting GBX 215.10. 3,105,532 shares of the stock traded hands. The stock has a 50-day moving average of GBX 179.13 and a 200-day moving average of GBX 159.21. The company’s market cap is GBX 1.26 billion. Ferrexpo Plc has a 52-week low of GBX 36.05 and a 52-week high of GBX 219.00.

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In related news, insider Christopher Mawe acquired 481 shares of Ferrexpo Plc stock in a transaction dated Wednesday, May 31st. The stock was acquired at an average price of GBX 173 ($2.26) per share, for a total transaction of £832.13 ($1,086.62).

About Ferrexpo Plc

Ferrexpo plc is an iron ore pellet producer. The Company produces, develops and markets its principal product, iron ore pellets, for sale to the metallurgical industry. The Company’s operations are vertically integrated from iron ore mining through to iron ore concentrate, and pellet production and subsequent logistics.

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