Barclays Increases Ferrexpo (FXPO) Price Target to GBX 310

Ferrexpo (LON:FXPO) had its price objective lifted by Barclays from GBX 280 ($3.66) to GBX 310 ($4.05) in a research report report published on Friday, March 8th. Barclays currently has an overweight rating on the iron ore producer’s stock.

A number of other research analysts have also recently weighed in on the company. HSBC dropped their price target on Ferrexpo from GBX 250 ($3.27) to GBX 245 ($3.20) and set a buy rating for the company in a research report on Wednesday, January 9th. Liberum Capital reiterated a hold rating on shares of Ferrexpo in a research report on Tuesday, January 29th. Deutsche Bank reiterated a buy rating on shares of Ferrexpo in a research report on Thursday, February 7th. JPMorgan Chase & Co. boosted their price target on Ferrexpo from GBX 230 ($3.01) to GBX 270 ($3.53) and gave the stock an overweight rating in a research report on Monday, March 4th. Finally, Credit Suisse Group raised Ferrexpo to an outperform rating and boosted their price target for the stock from GBX 210 ($2.74) to GBX 310 ($4.05) in a research report on Monday, November 12th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of GBX 263.50 ($3.44).

Shares of FXPO traded down GBX 1.80 ($0.02) during mid-day trading on Friday, reaching GBX 262.10 ($3.42). 1,107,957 shares of the company’s stock were exchanged, compared to its average volume of 2,650,000. The company has a current ratio of 0.82, a quick ratio of 0.46 and a debt-to-equity ratio of 59.21. Ferrexpo has a 52-week low of GBX 138 ($1.80) and a 52-week high of GBX 319.90 ($4.18). The firm has a market cap of $1.53 billion and a PE ratio of 4.68.

In other news, insider Christopher Mawe acquired 3,117 shares of the business’s stock in a transaction dated Monday, January 14th. The stock was acquired at an average price of GBX 202 ($2.64) per share, for a total transaction of £6,296.34 ($8,227.28).

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 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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