WHO -prints this ?15 Feb 2017 14:52
THE FERREXPO PLC (FXPO) EARNS “UNDERWEIGHT” RATING FROM THE BARCLAYS PLC
February 15, 2017 Donald Swayze
The Ferrexpo Plc (FXPO) Earns “Underweight” Rating from the Barclays PLC
Ferrexpo Plc (LON:FXPO)‘s stock had its “underweight” rating restated by research analysts at Barclays PLC in a note issued to investors on Thursday.
A number of other research analysts have also recently weighed in on FXPO. Jefferies Group dropped their price objective on shares of Ferrexpo Plc from GBX 60 ($0.74) to GBX 20 ($0.25) and set a “hold” rating for the company in a research note on Tuesday, January 12th. Investec cut shares of Ferrexpo Plc to a “sell” rating and lowered their target price for the stock from GBX 32 ($0.39) to GBX 16 ($0.20) in a research note on Wednesday, January 20th. J P Morgan Chase & Co lowered their target price on shares of Ferrexpo Plc from GBX 28 ($0.34) to GBX 24 ($0.29) and set a “neutral” rating for the company in a research note on Monday, January 18th. Macquarie reaffirmed a “neutral” rating and issued a GBX 35 ($0.43) target price on shares of Ferrexpo Plc in a research note on Monday, November 30th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 15 ($0.18) target price on shares of Ferrexpo Plc in a research note on Friday, January 29th. Seven research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Ferrexpo Plc presently has an average rating of “Sell” and a consensus price target of GBX 70.13 ($0.86).
Shares of Ferrexpo Plc (LON:FXPO) traded up 0.45% during trading on Thursday, hitting GBX 134.50. The stock’s 50 day moving average price is GBX 131.57 and its 200-day moving average price is GBX 83.02. The stock’s market cap is GBX 787.45 million. Ferrexpo Plc has a 12 month low of GBX 14.62 and a 12 month high of GBX 154.00.
Ferrexpo Plc Company Profile
Ferrexpo plc is an iron ore pellet producer. The Company produces, develops and markets its principal product, iron ore pellets, for sale to the metallurgical industry. The Company’s operations are vertically integrated from iron ore mining through to iron ore concentrate, and pellet production and subsequent logistics