Breaking Finance News

A statement released earlier today by JP Morgan Cazenove about Ferrexpo PLC (LON:FXPO) bumps down the target price to 180.00GBX

Boasting a price of 177.55GBX, Ferrexpo PLC (LON:FXPO) traded 0.37% higher on the day. The last stock close price is down 22.31% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. The company has recorded a 50-day moving average of 295.17GBX and a 200-day moving average of 223.77GBX. 1,533,499 shares of the stock were exchanged, down from an average trading volume of 3,421,440

Stating a potential upside of 0.01%, JP Morgan Cazenove bumped down the target of Ferrexpo PLC (LON:FXPO) to 180.00GBX

On 5/10/2017, Liberum Capital released a statement for Ferrexpo PLC (LON:FXPO) maintained the target price at 70.00GBX that suggested a downside of -0.57%.

See Chart Below

Ferrexpo PLC (LON:FXPO)

Ferrexpo PLC has a 52 week low of 91.50GBX and a 52 week high of 326.60GBX with a P/E ratio of 4.94 The company’s market cap is currently 0 GBX.

In addition to JP Morgan Cazenove reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is 0.58GBX with 0 firms rating the stock a strong buy, 3 firms rating the stock a buy, 3 firms rating the stock a hold, 5 firms rating the stock a underperform, and finally 5 firms rating the stock a sell.

About Ferrexpo PLC (LON:FXPO)

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. It operates approximately two mines and a processing plant near Kremenchug in Ukraine, and an interest in a port in Odessa, and sales. It operates a fleet of vessels operating on the Rhine and Danube waterways, and an ocean going vessel, which provides top off services, and operates on international sea routes. Its mineral properties lie within the Kremenchug Magnetic Anomaly and are being extracted at the Gorishne-Plavninskoye and Lavrikovskoye (GPL), and Yeristovskoye deposits. It has a customer base supplying steel mills in Austria, Slovakia, the Czech Republic, Germany and other European states, as well as in China, India, Japan, Taiwan and South Korea.

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