JPMorgan Chase & Co. Lowers Hochschild Mining Plc (HOC) Price Target to GBX 245
March 13th, 2017 - By Teresa Graham - 0 comments
Hochschild Mining Plc logoHochschild Mining Plc (LON:HOC) had its target price dropped by equities researchers at JPMorgan Chase & Co. from GBX 265 ($3.24) to GBX 245 ($3.00) in a research report issued on Thursday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 2.94% from the stock’s current price.
Credit Suisse Group AG Upgrades Ferrexpo Plc (FXPO) to Neutral
March 9th, 2017 - By Scott Moore - 0 comments
Ferrexpo Plc logoFerrexpo Plc (LON:FXPO) was upgraded by equities research analysts at Credit Suisse Group AG to a “neutral” rating in a report released on Tuesday. The firm presently has a GBX 170 ($2.08) target price on the iron ore producer’s stock, up from their prior target price of GBX 120 ($1.47). Credit Suisse Group AG’s price objective would indicate a potential upside of 12.14% from the company’s current
Today analysts at Berenberg reiterated Debenhams PLC’s (LON:DEB) shares as ‘Sell’ in a report released to investors.
According to Berenbergs price target of 46 on the company’s stock this indicates the broker now believes there is a decrease of -12.21% from Debenhams PLC’s
Outlook:
In 2016, Ferrexpo successfully focused on reducing its debt levels, and as such enters 2017 with a much improved capital structure. In 2017 the Group expects to benefit from higher pellet premiums while production volumes will continue to reflect better-quality output with total production increasing modestly compared to 2016. Costs remain subject to commodity prices, the Hryvnia exchange rate and inflation levels in Ukraine.