Ferrexpo (LON:FXPO) Price Target Raised to GBX 230 at Deutsche Bank

Ferrexpo (LON:FXPO) had its price objective raised by equities researchers at Deutsche Bank from GBX 200 ($2.61) to GBX 230 ($3.01) in a research report issued to clients and investors on Tuesday, October 2nd. The firm presently has a “hold” rating on the iron ore producer’s stock. Deutsche Bank’s price objective would suggest a potential upside of 4.69% from the stock’s current price.

A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Ferrexpo in a research report on Monday, September 10th. Liberum Capital raised Ferrexpo to a “hold” rating in a research report on Thursday, July 26th. HSBC raised Ferrexpo to a “buy” rating and upped their price objective for the stock from GBX 250 ($3.27) to GBX 275 ($3.59) in a research report on Tuesday, June 19th. Citigroup reaffirmed a “buy” rating and set a GBX 280 ($3.66) price objective on shares of Ferrexpo in a research report on Tuesday, September 25th. Finally, Barclays cut their price objective on Ferrexpo from GBX 185 ($2.42) to GBX 140 ($1.83) and set an “underweight” rating on the stock in a research report on Wednesday, July 18th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Ferrexpo has a consensus rating of “Buy” and an average price target of GBX 237.88 ($3.11).

Shares of LON FXPO opened at GBX 219.70 ($2.87) on Tuesday. Ferrexpo has a 52-week low of GBX 136.88 ($1.79) and a 52-week high of GBX 326.60 ($4.27).

In other Ferrexpo news, insider Simon Lockett bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The shares were purchased at an average price of GBX 171 ($2.23) per share, with a total value of £85,500 ($111,720.89).

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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Analyst Recommendations for Ferrexpo (LON:FXPO)

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