Ferrexpo PLC (LON:FXPO) target price raised to 45.00GBX, reported today by JP Morgan Cazenove
- Updated: September 18, 2016
Showing a price of 56.13GBX, Ferrexpo PLC (LON:FXPO) traded 5.34% higher on the day. The last stock price is up 63.55% from the 200-day average, compared to the S&P 500 Index which has fallen -0.01% over the same time. Ferrexpo PLC has been tracking to a 50-day average of 67.14GBX and two hundred day moving average of 41.82GBX. 834,479 shares of the stock traded, down from ann average trading volume of 1,196,660
Ferrexpo PLC (LON:FXPO) had its target price raised to 45GBX by JP Morgan Cazenove in a report released 8/04/2016. The updated target price indicates a potential downside of -0.20% from the bussiness’ previous closing price.
Previously on 8/03/2016, Credit Suisse released a statement on Ferrexpo PLC(LON:FXPO) bumped the target price from 0.00GBX to 28.00GBX that suggested a downside of -0.49%.
Recent Performance Chart:
In addition to JP Morgan Cazenove reporting it’s price target, a total of 14 brokers have released a ratings update on Ferrexpo PLC. The one year target is 0.58GBX with 0 rating the company a strong buy, three analysts rating the stock a buy, three analysts rating the stock a hold, five brokerages rating the company to underperform, and finally five brokerages rating the company as sell.
Ferrexpo PLC has a 52 week low of 12.50GBX and a one-year high of 84.53GBX and has a market cap of 0.0 GBX.
Brief Synopsis On 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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