Ferrexpo (FXPO) Given Overweight Rating at Barclays
A number of other equities research analysts have also commented on FXPO. Deutsche Bank raised their price objective on Ferrexpo from GBX 200 ($2.61) to GBX 230 ($3.01) and gave the stock a hold rating in a research report on Tuesday, October 2nd. Citigroup upgraded Ferrexpo to a neutral rating in a research report on Monday, July 16th. HSBC upgraded Ferrexpo to a buy rating and raised their price objective for the stock from GBX 250 ($3.27) to GBX 275 ($3.59) in a research report on Tuesday, June 19th. JPMorgan Chase & Co. raised Ferrexpo to an overweight rating and cut their price target for the stock from GBX 250 ($3.27) to GBX 230 ($3.01) in a research note on Tuesday, August 7th. Finally, Liberum Capital raised Ferrexpo to a hold rating in a research note on Thursday, July 26th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of GBX 237.88 ($3.11).
LON FXPO traded up GBX 16 ($0.21) during trading on Friday, reaching GBX 225.50 ($2.95). 7,631,483 shares of the company’s stock were exchanged, compared to its average volume of 2,650,000. Ferrexpo has a fifty-two week low of GBX 136.88 ($1.79) and a fifty-two week high of GBX 326.60 ($4.27).
In other news, insider Simon Lockett purchased 50,000 shares of the business’s stock in a transaction dated Thursday, August 9th. The stock was bought at an average cost of GBX 171 ($2.23) per share, with a total value of £85,500 ($111,720.89).
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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