Shares of Ferrexpo Plc (LON:FXPO) have been given a consensus rating of “Hold” by the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 169.29 ($2.28).
Several analysts have recently commented on FXPO shares. Deutsche Bank AG decreased their target price on Ferrexpo Plc from GBX 280 ($3.78) to GBX 270 ($3.64) and set a “buy” rating for the company in a research report on Thursday, June 22nd. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 230 ($3.10) target price on shares of Ferrexpo Plc in a research report on Friday, July 14th. J P Morgan Chase & Co cut Ferrexpo Plc to a “neutral” rating and raised their target price for the stock from GBX 180 ($2.43) to GBX 190 ($2.56) in a research report on Friday, August 4th. Credit Suisse Group raised their target price on Ferrexpo Plc from GBX 200 ($2.70) to GBX 250 ($3.37) and gave the stock a “neutral” rating in a research report on Tuesday, August 8th. Finally, Liberum Capital reaffirmed a “sell” rating and issued a GBX 70 ($0.94) target price on shares of Ferrexpo Plc in a research report on Thursday, August 3rd.
Ferrexpo Plc (FXPO) traded down 1.82% during trading on Friday, reaching GBX 286.10. The company had a trading volume of 2,834,210 shares. The stock’s market cap is GBX 1.68 billion. Ferrexpo Plc has a 52-week low of GBX 70.69 and a 52-week high of GBX 326.60. The company has a 50-day moving average price of GBX 284.33 and a 200 day moving average price of GBX 204.80.
The company also recently disclosed a dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 10th were issued a dividend of $0.03 per share. The ex-dividend date was Thursday, August 10th. This represents a dividend yield of 0.95%.
In related news, insider Oliver A. G. Baring sold 4,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of GBX 313 ($4.22), for a total transaction of £12,520 ($16,880.14).
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Ferrexpo Plc Company Profile
Ferrexpo plc is an iron ore pellet producer. The Company produces, develops and markets its principal product, iron ore pellets, for sale to the metallurgical industry. The Company’s operations are vertically integrated from iron ore mining through to iron ore concentrate, and pellet production and subsequent logistics.
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