Analysts Set Ferrexpo Plc (FXPO) Price Target at $220.60

Shares of Ferrexpo Plc (LON:FXPO) have earned an average recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 220.60 ($2.85).

FXPO has been the subject of a number of recent analyst reports. Barclays decreased their price objective on shares of Ferrexpo from GBX 185 ($2.39) to GBX 140 ($1.81) and set an “underweight” rating for the company in a research note on Wednesday, July 18th. Citigroup raised shares of Ferrexpo to a “neutral” rating in a research note on Monday, July 16th. HSBC raised shares of Ferrexpo to a “buy” rating and raised their price objective for the stock from GBX 250 ($3.22) to GBX 275 ($3.55) in a research note on Tuesday, June 19th. JPMorgan Chase & Co. raised shares of Ferrexpo to an “overweight” rating and decreased their price objective for the stock from GBX 250 ($3.22) to GBX 230 ($2.97) in a research note on Tuesday, August 7th. Finally, Deutsche Bank decreased their price objective on shares of Ferrexpo from GBX 210 ($2.71) to GBX 200 ($2.58) and set a “hold” rating for the company in a research note on Friday, August 3rd.

LON:FXPO traded down GBX 4.30 ($0.06) during trading hours on Friday, reaching GBX 147.70 ($1.91). 2,590,265 shares of the company’s stock were exchanged, compared to its average volume of 2,650,000. Ferrexpo has a 12 month low of GBX 136.88 ($1.77) and a 12 month high of GBX 326.60 ($4.21).

The company also recently disclosed a dividend, which will be paid on Wednesday, September 26th. Investors of record on Thursday, August 23rd will be paid a $0.03 dividend. This represents a yield of 1.49%. The ex-dividend date is Thursday, August 23rd.

In other news, insider Simon Lockett acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The stock was purchased at an average price of GBX 171 ($2.21) per share, with a total value of £85,500 ($110,294.12). Also, insider Christopher Mawe acquired 1,434 shares of the firm’s stock in a transaction that occurred on Wednesday, June 27th. The stock was purchased at an average cost of GBX 197 ($2.54) per share, with a total value of £2,824.98 ($3,644.20).

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.

Further Reading: Fundamental Analysis and Individual Investors

Analyst Recommendations for Ferrexpo (LON:FXPO)

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