Trade Report: Today, Ferrexpo Plc (FXPO) PT Raised to GBX 55 at JPMorgan Chase & Co.

Today, Ferrexpo Plc (FXPO) PT Raised to GBX 55 at JPMorgan Chase & Co.

Ferrexpo Plc (LON:FXPO) had its price target increased by stock analysts at JPMorgan Chase & Co. from GBX 50 ($0.62) to GBX 55 ($0.69) in a report issued on Monday. The brokerage currently has a “neutral” rating on the iron ore producer’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 55.91% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on FXPO. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ferrexpo Plc in a research report on Tuesday, July 12th. Credit Suisse Group AG upped their target price on Ferrexpo Plc from GBX 25 ($0.31) to GBX 28 ($0.35) and gave the stock an “underperform” rating in a research report on Monday, July 18th. Investec upped their target price on Ferrexpo Plc from GBX 24 ($0.30) to GBX 25 ($0.31) and gave the stock a “sell” rating in a research report on Tuesday, July 19th. Jefferies Group upped their target price on Ferrexpo Plc from GBX 20 ($0.25) to GBX 30 ($0.37) and gave the stock an “underperform” rating in a research report on Thursday, August 4th. Finally, Macquarie reaffirmed an “underperform” rating and set a GBX 20 ($0.25) target price on shares of Ferrexpo Plc in a research report on Monday, August 22nd. Six equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 56.38 ($0.70).

Ferrexpo Plc (LON:FXPO) traded down 6.55% during trading on Monday, reaching GBX 124.75. 4,759,994 shares of the company’s stock traded hands. The firm has a 50 day moving average of GBX 107.39 and a 200 day moving average of GBX 64.71. Ferrexpo Plc has a 1-year low of GBX 12.50 and a 1-year high of GBX 134.00. The firm’s market capitalization is GBX 730.36 million.

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