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.
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
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