Ferrexpo (FXPO) Reaches New 52-Week High at $291.00

Ferrexpo Plc (LON:FXPO) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 291 ($3.80) and last traded at GBX 289.40 ($3.78), with a volume of 1057461 shares. The stock had previously closed at GBX 288.20 ($3.77).

Several analysts have recently weighed in on FXPO shares. Deutsche Bank restated a “buy” rating on shares of Ferrexpo in a research report on Thursday, February 7th. JPMorgan Chase & Co. boosted their price objective 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. HSBC boosted their price objective on shares of Ferrexpo from GBX 255 ($3.33) to GBX 310 ($4.05) and gave the stock a “buy” rating in a research report on Thursday, March 7th. Barclays boosted their price objective on shares of Ferrexpo from GBX 255 ($3.33) to GBX 280 ($3.66) and gave the stock an “overweight” rating in a research report on Wednesday, February 6th. Finally, Liberum Capital restated a “hold” rating on shares of Ferrexpo in a research report on Tuesday, January 29th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Ferrexpo currently has an average rating of “Buy” and an average price target of GBX 289.71 ($3.79).

The company has a current ratio of 0.82, a quick ratio of 0.46 and a debt-to-equity ratio of 59.21. The company has a market cap of $1.74 billion and a PE ratio of 5.25.

In related news, insider Christopher Mawe purchased 3,117 shares of the stock in a transaction dated Monday, January 14th. The shares were acquired at an average cost of GBX 202 ($2.64) per share, with a total value of £6,296.34 ($8,227.28).

WARNING: This piece was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.chaffeybreeze.com/2019/04/11/ferrexpo-fxpo-reaches-new-52-week-high-at-291-00.html.

About Ferrexpo (LON:FXPO)

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.

Featured Story: Bull Market

Receive News & Ratings for Ferrexpo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrexpo and related companies with MarketBeat.com's FREE daily email newsletter.