Rating To Observe: Ferrexpo PLC (LON:FXPO) Buy Rating Kept by Cantor Fitzgerald; The TP is GBX 166.00

November 25, 2016 - By whatsonthorold

Ferrexpo PLC (LON:FXPO) Rating

Professional analysts at Cantor Fitzgerald have GBX 166.00 target price on Ferrexpo PLC (LON:FXPO). Cantor Fitzgerald’s target price indicates a potential upside of 24.81% from the company’s last stock close. The rating was disclosed to clients in an analyst note on Friday, 25 November.

Ferrexpo Plc (LON:FXPO) Ratings Coverage

Out of 16 analysts covering Ferrexpo PLC (LON:FXPO), 4 rate it a “Buy”, 8 “Sell”, while 4 “Hold”. This means 25% are positive. GBX 205 is the highest target while GBX 15 is the lowest. The GBX 56.73 average target is -56.11% below today’s (GBX 129.25) stock price. Ferrexpo PLC has been the topic of 118 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating by Investec given on Wednesday, January 20. The rating was maintained by Beaufort Securities on Wednesday, April 6 with “Speculative Buy”. On Friday, January 8 the stock rating was maintained by Deutsche Bank with “Buy”. The company was maintained on Tuesday, October 6 by JP Morgan. The firm has “Buy” rating given on Friday, March 11 by Deutsche Bank. The stock of Ferrexpo Plc (LON:FXPO) has “Neutral” rating given on Friday, October 9 by UBS. The firm has “Neutral” rating by JP Morgan given on Thursday, October 15. The firm has “Underperform” rating by Jefferies given on Thursday, March 17. The firm has “Buy” rating by Cantor Fitzgerald given on Tuesday, April 5. Jefferies maintained Ferrexpo Plc (LON:FXPO) rating on Monday, September 14. Jefferies has “Hold” rating and GBX 60 price target.

About 784,990 shares traded hands. Ferrexpo Plc (LON:FXPO) has risen 273.43% since April 27, 2016 and is uptrending. It has outperformed by 268.02% the S&P500.

Ferrexpo plc is an iron ore pellet producer. The company has a market cap of 759.82 million GBP. The Firm produces, develops and markets its principal product, iron ore pellets, for sale to the metallurgical industry. It currently has negative earnings. The Company’s activities are vertically integrated from iron ore mining through to iron ore concentrate, and pellet production and subsequent logistics.

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