Barclays Reiterates Overweight Rating for Ferrexpo (LON:FXPO)

Barclays reaffirmed their overweight rating on shares of Ferrexpo (LON:FXPO) in a research note issued to investors on Wednesday, May 8th, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also commented on FXPO. HSBC dropped their price target on Ferrexpo from GBX 250 ($3.27) to GBX 245 ($3.20) and set a buy rating for the company in a research note on Wednesday, January 9th. Liberum Capital reissued a hold rating on shares of Ferrexpo in a research note on Tuesday, January 29th. Deutsche Bank raised Ferrexpo to a buy rating and increased their price target for the company from GBX 220 ($2.87) to GBX 270 ($3.53) in a research note on Thursday, January 31st. JPMorgan Chase & Co. dropped their price target on Ferrexpo from GBX 240 ($3.14) to GBX 230 ($3.01) and set an overweight rating for the company in a research note on Thursday, January 31st. Finally, Shore Capital reissued a not rated rating on shares of Ferrexpo in a research note on Tuesday, April 23rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Ferrexpo currently has a consensus rating of Buy and an average price target of GBX 312.14 ($4.08).

Shares of LON:FXPO traded up GBX 2 ($0.03) during trading on Wednesday, hitting GBX 230.30 ($3.01). 1,634,124 shares of the company’s stock were exchanged, compared to its average volume of 2,650,000. Ferrexpo has a 52-week low of GBX 138 ($1.80) and a 52-week high of GBX 305.60 ($3.99). The stock has a market capitalization of $1.35 billion and a P/E ratio of 4.06. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 46.36.

The business also recently disclosed a dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, June 13th will be paid a $0.07 dividend. This represents a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, June 13th. Ferrexpo’s payout ratio is 0.18%.

In other news, insider Christopher Mawe sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of GBX 268 ($3.50), for a total value of £402,000 ($525,284.20).

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 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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