Ferrexpo (FXPO) Given New GBX 340 Price Target at HSBC

Ferrexpo (LON:FXPO) had its price target lifted by HSBC from GBX 310 ($4.05) to GBX 340 ($4.44) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports. HSBC currently has a buy rating on the iron ore producer’s stock.

A number of other equities analysts have also recently commented on the stock. Barclays lifted their target price on shares of Ferrexpo from GBX 310 ($4.05) to GBX 350 ($4.57) and gave the stock an overweight rating in a research report on Friday, April 12th. JPMorgan Chase & Co. lifted their target price on shares of Ferrexpo from GBX 270 ($3.53) to GBX 280 ($3.66) and gave the stock a neutral rating in a research report on Wednesday, April 10th. Deutsche Bank lifted their target price on shares of Ferrexpo from GBX 270 ($3.53) to GBX 310 ($4.05) and gave the stock a buy rating in a research report on Wednesday, April 10th. Finally, Liberum Capital reiterated a hold rating on shares of Ferrexpo in a research report on Tuesday, January 29th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of GBX 299.71 ($3.92).

Shares of LON:FXPO opened at GBX 285.20 ($3.73) on Tuesday. The firm has a market capitalization of $1.77 billion and a P/E ratio of 5.09. Ferrexpo has a 52 week low of GBX 138 ($1.80) and a 52 week high of GBX 288.80 ($3.77). The company has a debt-to-equity ratio of 59.21, a quick ratio of 0.46 and a current ratio of 0.82.

About Ferrexpo

Ferrexpo Plc mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry worldwide. The company operates two 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.

Further Reading: Quiet Period

Analyst Recommendations for Ferrexpo (LON:FXPO)

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