Ferrexpo Plc (LON:FXPO) has been assigned a consensus rating of “Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 295 ($3.85).
A number of brokerages recently issued reports on FXPO. Credit Suisse Group raised their price target on Ferrexpo from GBX 260 ($3.40) to GBX 325 ($4.25) and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Barclays restated an “overweight” rating on shares of Ferrexpo in a research report on Wednesday, May 8th. Deutsche Bank restated a “buy” rating on shares of Ferrexpo in a research report on Tuesday, April 30th. Shore Capital restated a “not rated” rating on shares of Ferrexpo in a research report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. raised their price target on Ferrexpo from GBX 270 ($3.53) to GBX 280 ($3.66) and gave the stock a “neutral” rating in a research report on Wednesday, April 10th.
In other Ferrexpo news, insider Christopher Mawe sold 150,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of GBX 268 ($3.50), for a total value of £402,000 ($525,284.20).
The business also recently declared a dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 13th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a yield of 1.85%. Ferrexpo’s dividend payout ratio is presently 0.09%.
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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