Ferrexpo Plc (LON:FXPO) Receives GBX 198 Average PT from Analysts

Ferrexpo Plc (LON:FXPO) has received a consensus rating of “Hold” from the eight brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 198 ($2.60).

A number of equities research analysts recently weighed in on FXPO shares. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 200 ($2.63) price objective on shares of Ferrexpo in a research report on Tuesday, January 28th. Deutsche Bank dropped their price objective on Ferrexpo from GBX 200 ($2.63) to GBX 160 ($2.10) and set a “hold” rating on the stock in a research report on Thursday, January 9th. JPMorgan Chase & Co. downgraded Ferrexpo to a “neutral” rating in a research report on Tuesday, December 17th. Finally, Barclays raised their price objective on Ferrexpo from GBX 110 ($1.45) to GBX 140 ($1.84) and gave the company an “underweight” rating in a research report on Wednesday, January 15th.

Shares of FXPO traded down GBX 3.20 ($0.04) during midday trading on Friday, reaching GBX 145.35 ($1.91). 677,768 shares of the stock were exchanged, compared to its average volume of 2,650,000. Ferrexpo has a 52 week low of GBX 119.85 ($1.58) and a 52 week high of GBX 305.60 ($4.02). The company has a current ratio of 2.08, a quick ratio of 1.12 and a debt-to-equity ratio of 34.27. The company’s 50 day moving average is GBX 149.82 and its two-hundred day moving average is GBX 166.56. The company has a market capitalization of $867.34 million and a P/E ratio of 1.90.

The company also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 9th were paid a $0.07 dividend. This represents a dividend yield of 3.12%. The ex-dividend date was Thursday, January 9th. Ferrexpo’s payout ratio is 0.14%.

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.

Further Reading: Differences Between Momentum Investing and Long Term Investing

Analyst Recommendations for Ferrexpo (LON:FXPO)

Receive News & Ratings for Ferrexpo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrexpo and related companies with MarketBeat.com's FREE daily email newsletter.