JP Morgan Cazenove announced Ferrexpo PLC (LON:FXPO), bumping up its stock price target to 50.00GBX today
- Updated: September 15, 2016
Displaying a price of 68.63GBX, Ferrexpo PLC (LON:FXPO) traded 0.39% higher on the day. With the last stock price close up 56.89% relative to the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same period. FXPO has registered a 50-day average of 65.54GBX and 200-day moving average of 41.27GBX. Volume of trade was was down over the average, with 1,912 shares of FXPO changing hands under the typical 1,202,090 shares.
In an issued report on Thursday September 15 2016 JP Morgan Cazenove increased the target price of Ferrexpo PLC (LON:FXPO) from 45GBX to 50GBX reporting a possible downsideof -0.27%.
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Also covering Ferrexpo PLC’s target price, a total of 14 analysts have issued a research note on FXPO. The one year target is 0.58GBX with 0 rating the stock a strong buy, three firms rating the company a buy, three firms rating the stock a hold, five analysts rating the company to underperform, and lastly five analysts rating the stock as sell.
With a market capitalization of 0.0 GBX, Ferrexpo PLC has a price-earnings of 0 with a one-year low of 12.50GBX and a 52 week high of 84.53GBX.
Brief Synopsis 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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