Ferrexpo (LON:FXPO)‘s stock had its “hold” rating reissued by investment analysts at Deutsche Bank in a research report issued to clients and investors on Friday.
FXPO has been the topic of several other reports. HSBC raised Ferrexpo to a “buy” rating and boosted their target price for the stock from GBX 250 ($3.24) to GBX 275 ($3.56) in a report on Tuesday, June 19th. JPMorgan Chase & Co. raised Ferrexpo to an “overweight” rating and dropped their target price for the stock from GBX 250 ($3.24) to GBX 230 ($2.98) in a report on Tuesday, August 7th. Citigroup raised Ferrexpo to a “neutral” rating in a report on Monday, July 16th. Liberum Capital reissued a “sell” rating on shares of Ferrexpo in a report on Wednesday, May 2nd. Finally, Barclays dropped their target price on Ferrexpo from GBX 185 ($2.39) to GBX 140 ($1.81) and set an “underweight” rating on the stock in a report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 206.63 ($2.67).
Ferrexpo opened at GBX 173 ($2.24) on Friday, MarketBeat reports. Ferrexpo has a 12 month low of GBX 136.88 ($1.77) and a 12 month high of GBX 326.60 ($4.23).
In other Ferrexpo news, insider Christopher Mawe purchased 1,434 shares of the stock in a transaction dated Wednesday, June 27th. The shares were purchased at an average cost of GBX 197 ($2.55) per share, with a total value of £2,824.98 ($3,656.93). Also, insider Simon Lockett purchased 50,000 shares of the stock in a transaction dated Thursday, August 9th. The shares were acquired at an average cost of GBX 171 ($2.21) per share, for a total transaction of £85,500 ($110,679.61).
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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