Shares of Ferrexpo Plc (LON:FXPO) have received a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 273.25 ($3.57).
Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Ferrexpo in a research report on Monday, September 10th. Barclays upgraded shares of Ferrexpo to an “overweight” rating and lifted their target price for the company from GBX 140 ($1.83) to GBX 300 ($3.92) in a research report on Thursday, October 4th. Credit Suisse Group upgraded shares of Ferrexpo to an “outperform” rating and lifted their target price for the company from GBX 210 ($2.74) to GBX 310 ($4.05) in a research report on Monday, November 12th. Deutsche Bank reiterated a “hold” rating on shares of Ferrexpo in a research report on Monday, October 15th. Finally, Citigroup restated a “buy” rating and issued a GBX 280 ($3.66) price objective on shares of Ferrexpo in a report on Tuesday, September 25th.
Shares of LON:FXPO opened at GBX 187.65 ($2.45) on Tuesday. Ferrexpo has a 12 month low of GBX 136.88 ($1.79) and a 12 month high of GBX 326.60 ($4.27).
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 open-pit 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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