Ferrexpo Plc (LON:FXPO) Earns “Underweight” Rating from Barclays PLC

Ferrexpo Plc (LON:FXPO)‘s stock had its “underweight” rating reiterated by investment analysts at Barclays PLC in a research note issued to investors on Friday, July 14th. They presently have a GBX 130 ($1.69) price objective on the iron ore producer’s stock. Barclays PLC’s target price would indicate a potential downside of 48.94% from the company’s current price.

Other research analysts have also issued research reports about the company. Liberum Capital restated a “sell” rating and set a GBX 70 ($0.91) target price on shares of Ferrexpo Plc in a research report on Wednesday, May 10th. Deutsche Bank AG restated a “buy” rating and set a GBX 270 ($3.52) target price on shares of Ferrexpo Plc in a research report on Friday, July 7th. J P Morgan Chase & Co dropped their target price on Ferrexpo Plc from GBX 220 ($2.86) to GBX 195 ($2.54) and set an “overweight” rating for the company in a research report on Tuesday, May 2nd. Finally, Credit Suisse Group boosted their target price on Ferrexpo Plc from GBX 167 ($2.17) to GBX 200 ($2.60) and gave the company a “neutral” rating in a research report on Monday, April 10th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Ferrexpo Plc currently has an average rating of “Hold” and a consensus price target of GBX 150.63 ($1.96).

Ferrexpo Plc (FXPO) opened at 254.60 on Friday. The stock has a 50 day moving average price of GBX 223.05 and a 200 day moving average price of GBX 179.04. The company’s market cap is GBX 1.49 billion. Ferrexpo Plc has a 12 month low of GBX 61.00 and a 12 month high of GBX 271.70.

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In other news, insider Christopher Mawe bought 481 shares of the stock in a transaction dated Wednesday, May 31st. The shares were acquired at an average cost of GBX 173 ($2.25) per share, with a total value of £832.13 ($1,083.64).

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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