Jefferies International disclosed Ferrexpo PLC (LON:FXPO), boosting its price target to 50.00GBX earlier today
- Updated: October 14, 2016
Having a price of 96.38GBX, Ferrexpo PLC (LON:FXPO) traded 5.11% higher on the day. With the last stock price up 102.45% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. FXPO has recorded a 50-day average of 74.09GBX and a two hundred day average of 48.28GBX. Trade Volume was up over the average, with 2,056,369 shares of FXPO changing hands over the typical 1,455,100
Reporting a potential downside of -0.48%, Jefferies International upped the price target of Ferrexpo PLC (LON:FXPO) to 50.00GBX
On 10/6/2016, JP Morgan Cazenove released a statement about Ferrexpo PLC (LON:FXPO) maintained the target price at 50.00GBX that suggested a downside of -0.36%.
Recent Performance Chart
Ferrexpo PLC has with a one year low of 12.50GBX and a one year high of 99.96GBX and has a market capitalization of 0 GBX.
A total of 14 brokerages have issued a ratings update on Ferrexpo PLC. zero brokerages rating the company a strong buy, three brokerages rating the company a buy, three brokerages rating the company a hold, five brokerages rating the company a underperform, and finally five brokerages rating the company a sell with a 12-month price target of 0.58GBX.
General Company Details For 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.
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