Ferrexpo (FXPO) Given Overweight Rating at Barclays

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Barclays reaffirmed their overweight rating on shares of Ferrexpo (LON:FXPO) in a report published on Friday morning.

Several other research analysts also recently commented on the company. Deutsche Bank lifted their price target on Ferrexpo from GBX 200 ($2.61) to GBX 230 ($3.01) and gave the stock a hold rating in a research report on Tuesday, October 2nd. Citigroup reaffirmed a buy rating and issued a GBX 280 ($3.66) price target on shares of Ferrexpo in a research report on Tuesday, September 25th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Ferrexpo in a research report on Monday, September 10th. Liberum Capital raised Ferrexpo to a hold rating in a research report on Thursday, July 26th. Finally, HSBC raised Ferrexpo to a buy rating and lifted their price target for the stock from GBX 250 ($3.27) to GBX 275 ($3.59) in a research report on Tuesday, June 19th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Ferrexpo presently has an average rating of Buy and a consensus target price of GBX 237.88 ($3.11).

LON FXPO traded up GBX 16 ($0.21) during trading on Friday, hitting GBX 225.50 ($2.95). The company’s stock had a trading volume of 7,631,483 shares, compared to its average volume of 2,650,000. Ferrexpo has a 52 week low of GBX 136.88 ($1.79) and a 52 week high of GBX 326.60 ($4.27).

The company also recently disclosed a dividend, which was paid on Wednesday, September 26th. Stockholders of record on Thursday, August 23rd were issued a dividend of $0.03 per share. This represents a dividend yield of 1.49%. The ex-dividend date of this dividend was Thursday, August 23rd.

In other news, insider Simon Lockett acquired 50,000 shares of the firm’s stock in a transaction dated Thursday, August 9th. The shares were bought at an average price of GBX 171 ($2.23) per share, with a total value of £85,500 ($111,720.89).

Ferrexpo Company Profile

Ferrexpo plc mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry worldwide. The company 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.

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Analyst Recommendations for Ferrexpo (LON:FXPO)

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