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Credit Suisse issued a report on Ferrexpo PLC (LON:FXPO), hiking its stock price target to 60.00GBX earlier today

Only yesterday Ferrexpo PLC (LON:FXPO) traded 5.34% higher at 57.75GBX. Ferrexpo PLC’s 50-day average is 67.14GBX and its 200-day moving average is 41.82GBX. With the last stock price close up 63.55% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. 834,479 shares of the stock exchanged hands, down from ann avg. volume of 1,196,660.

In an issued report on 8/04/2016 Credit Suisse raised the target price of Ferrexpo PLC (LON:FXPO) from 28GBX to 60GBX reporting a possible upsideof 0.04%.

Previously on Wednesday August 3 2016, Credit Suisse reported about Ferrexpo PLC(LON:FXPO) upped the target price from 0.00GBX to 28.00GBX. At the time, this suggested a downside of -0.49%.

Recent Performance Graphic:

Ferrexpo PLC (LON:FXPO)

Also covering Ferrexpo PLC’s price target, a total of 14 brokers have released a ratings update on Ferrexpo PLC. The 12-month target stock price is 0.58GBX with 0 rating the company a strong buy, three firms rating the stock a buy, three analysts rating the stock a hold, five firms rating the stock to underperform, and finally five firms rating the stock as sell.

With a market capitalization of 0.0 GBX, Ferrexpo PLC has a P/E of 0 with a 52 week low of 12.50GBX and a one-year high of 84.53GBX.

General Information 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, and Taiwan and South Korea.

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