Ferrexpo (LON:FXPO)‘s stock had its “not rated” rating reaffirmed by equities research analysts at Shore Capital in a research note issued to investors on Tuesday, Digital Look reports.
A number of other analysts have also weighed in on FXPO. JPMorgan Chase & Co. raised their target price on Ferrexpo from GBX 230 ($3.01) to GBX 270 ($3.53) and gave the company an “overweight” rating in a research note on Monday, March 4th. Deutsche Bank upgraded Ferrexpo to a “buy” rating and raised their target price for the company from GBX 220 ($2.87) to GBX 270 ($3.53) in a research note on Thursday, January 31st. Liberum Capital restated a “hold” rating on shares of Ferrexpo in a research note on Tuesday, January 29th. HSBC raised their target price on Ferrexpo from GBX 255 ($3.33) to GBX 310 ($4.05) and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, Barclays raised their target price on Ferrexpo from GBX 280 ($3.66) to GBX 310 ($4.05) and gave the company an “overweight” rating in a research note on Friday, March 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 314.17 ($4.11).
Ferrexpo stock opened at GBX 268.10 ($3.50) on Tuesday. The company has a debt-to-equity ratio of 59.21, a current ratio of 0.82 and a quick ratio of 0.46. Ferrexpo has a 52-week low of GBX 138 ($1.80) and a 52-week high of GBX 305.60 ($3.99). The firm has a market cap of $1.57 billion and a price-to-earnings ratio of 4.79.
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.
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