Barclays reissued their underweight rating on shares of Ferrexpo (LON:FXPO) in a research report released on Monday morning. The firm currently has a GBX 215 ($2.92) target price on the iron ore producer’s stock.
Several other equities analysts have also commented on the company. Liberum Capital reiterated a sell rating and set a GBX 130 ($1.76) price objective on shares of Ferrexpo in a research report on Monday, October 30th. JPMorgan Chase & Co. reduced their price objective on Ferrexpo from GBX 190 ($2.58) to GBX 175 ($2.37) and set a neutral rating on the stock in a research report on Friday, October 6th. Finally, Deutsche Bank lowered Ferrexpo to a hold rating and increased their price objective for the company from GBX 270 ($3.66) to GBX 280 ($3.80) in a research report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 212.50 ($2.88).
Shares of Ferrexpo (LON FXPO) traded up GBX 4.40 ($0.06) during trading on Monday, hitting GBX 303.50 ($4.12). The stock had a trading volume of 1,895,640 shares, compared to its average volume of 1,830,000. The company has a market cap of $1,790.00 and a price-to-earnings ratio of 740.24. Ferrexpo has a 12-month low of GBX 122.97 ($1.67) and a 12-month high of GBX 326.60 ($4.43).
In related news, insider Oliver A. G. Baring sold 6,000 shares of the stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of GBX 277 ($3.76), for a total transaction of £16,620 ($22,538.65).
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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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