Ferrexpo Plc (FXPO) Receives GBX 273.25 Consensus PT from Brokerages

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).

The company also recently declared a dividend, which will be paid on Monday, January 14th. Investors of record on Thursday, December 13th will be issued a dividend of $0.07 per share. This is a positive change from Ferrexpo’s previous dividend of $0.03. This represents a yield of 2.82%. The ex-dividend date is Thursday, December 13th.

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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Analyst Recommendations for Ferrexpo (LON:FXPO)

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