Ferrexpo’s (FXPO) “Not Rated” Rating Reaffirmed at Shore Capital

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.

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 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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