Ferrexpo (FXPO) Stock Rating Upgraded by Liberum Capital

Ferrexpo (LON:FXPO) was upgraded by analysts at Liberum Capital to a “hold” rating in a research report issued to clients and investors on Thursday, July 26th.

A number of other research analysts also recently issued reports on FXPO. Investec upgraded shares of Ferrexpo to a “hold” rating and dropped their price target for the stock from GBX 259 ($3.35) to GBX 228 ($2.95) in a research report on Thursday, April 19th. HSBC upgraded shares of Ferrexpo to a “buy” rating and boosted their target price for the company from GBX 250 ($3.24) to GBX 275 ($3.56) in a research report on Tuesday, June 19th. JPMorgan Chase & Co. dropped their target price on shares of Ferrexpo from GBX 260 ($3.37) to GBX 250 ($3.24) and set a “neutral” rating on the stock in a research report on Friday, April 6th. Credit Suisse Group lowered their price objective on shares of Ferrexpo from GBX 333.66 ($4.32) to GBX 230 ($2.98) and set a “neutral” rating on the stock in a report on Monday, April 23rd. Finally, Citigroup upgraded shares of Ferrexpo to a “neutral” rating in a report on Monday, July 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Ferrexpo presently has an average rating of “Hold” and a consensus price target of GBX 206.63 ($2.67).

Shares of Ferrexpo opened at GBX 173 ($2.24) on Thursday, MarketBeat Ratings reports. Ferrexpo has a 1 year low of GBX 136.88 ($1.77) and a 1 year high of GBX 326.60 ($4.23).

In related news, insider Christopher Mawe purchased 1,434 shares of the business’s stock in a transaction that occurred on Wednesday, June 27th. The shares were acquired at an average price of GBX 197 ($2.55) per share, for a total transaction of £2,824.98 ($3,656.93). Also, insider Simon Lockett purchased 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was bought at an average price of GBX 171 ($2.21) per share, for a total transaction of £85,500 ($110,679.61).

About Ferrexpo

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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Analyst Recommendations for Ferrexpo (LON:FXPO)

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