Ferrexpo PLC (LON:FXPO) Hold Rating Kept Today By Deutsche Bank; The Target is Set to GBX 230.00

October 2, 2018 - By Ruchi Gupta

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Ferrexpo PLC (LON:FXPO) Rating Reaffirmed

Investment analysts at Deutsche Bank now has a GBX 230.00 target price on Ferrexpo PLC (LON:FXPO). Deutsche Bank and their recent target price would indicate a potential upside of 16.59 % from the company’s last close price. The rating has been revealed in a note on 2 October.

Ferrexpo Plc (LON:FXPO) Ratings Coverage

Among 8 analysts covering Ferrexpo PLC (LON:FXPO), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Ferrexpo PLC has GBX 275 highest and GBX 140 lowest target. GBX 224.75’s average target is 11.15% above currents GBX 202.2 stock price. Ferrexpo PLC had 14 analyst reports since April 6, 2018 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Hold” on Friday, August 10. The stock has “Hold” rating by Investec on Thursday, April 19. As per Wednesday, July 18, the company rating was maintained by Barclays Capital. On Tuesday, June 19 the stock rating was upgraded by HSBC to “Buy”. As per Friday, August 3, the company rating was maintained by Deutsche Bank. The stock of Ferrexpo Plc (LON:FXPO) earned “Neutral” rating by Citigroup on Monday, July 16. The firm has “Hold” rating given on Thursday, July 26 by Liberum Capital. The rating was maintained by HSBC with “Hold” on Wednesday, April 18. JP Morgan maintained the stock with “Overweight” rating in Monday, September 10 report. Citigroup upgraded Ferrexpo Plc (LON:FXPO) on Tuesday, September 25 to “Buy” rating.

The stock increased 1.05% or GBX 2.1 during the last trading session, reaching GBX 202.2. About 738,215 shares traded. Ferrexpo Plc (LON:FXPO) has 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Ferrexpo plc mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry worldwide. The company has market cap of 1.19 billion GBP. The firm operates two open-pit mines and a processing plant near Kremenchug in Ukraine; a port in Odessa; a fleet of vessels operating on the Rhine and Danube waterways; and an ocean going vessel on international sea routes. It has a 3.61 P/E ratio. It also offers finance, management, procurement, transportation, marketing, shipping, barging, and port services.

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