Ferrexpo (FXPO) Receives “Neutral” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Ferrexpo (LON:FXPO) in a report published on Wednesday. They currently have a GBX 240 ($3.25) price objective on the iron ore producer’s stock.

Several other analysts also recently issued reports on FXPO. Barclays restated an underweight rating and issued a GBX 215 ($2.92) price target on shares of Ferrexpo in a research note on Monday, January 8th. Liberum Capital reaffirmed a sell rating and issued a GBX 130 ($1.76) price objective on shares of Ferrexpo in a report on Monday, October 30th. Finally, Deutsche Bank cut Ferrexpo to a hold rating and lifted their price objective for the company from GBX 270 ($3.66) to GBX 280 ($3.80) in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 223.33 ($3.03).

Ferrexpo (LON:FXPO) traded down GBX 7.80 ($0.11) on Wednesday, reaching GBX 307 ($4.16). The company had a trading volume of 3,706,890 shares, compared to its average volume of 1,960,000. The company has a market cap of $1,780.00 and a P/E ratio of 767.50. Ferrexpo has a twelve month low of GBX 122.97 ($1.67) and a twelve month high of GBX 326.60 ($4.43).

The business also recently disclosed a dividend, which will be paid on Monday, January 15th. Shareholders of record on Thursday, December 14th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a yield of 0.97%.

In other Ferrexpo news, insider Oliver A. G. Baring sold 6,000 shares of Ferrexpo stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of GBX 277 ($3.76), for a total value of £16,620 ($22,538.65).

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About Ferrexpo

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.

Analyst Recommendations for Ferrexpo (LON:FXPO)

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