Ferrexpo Plc (LON:FXPO) has received an average rating of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 306.25 ($4.00).
Several research firms have recently issued reports on FXPO. Liberum Capital restated a “buy” rating on shares of Ferrexpo in a research report on Thursday. Barclays restated an “overweight” rating on shares of Ferrexpo in a research report on Monday, June 17th. Deutsche Bank restated a “buy” rating on shares of Ferrexpo in a research report on Monday, May 27th. Credit Suisse Group boosted their target price on Ferrexpo from GBX 260 ($3.40) to GBX 325 ($4.25) and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, Shore Capital restated a “not rated” rating on shares of Ferrexpo in a research report on Tuesday, April 23rd.
In other Ferrexpo news, insider Christopher Mawe acquired 2,872 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average cost of GBX 217 ($2.84) per share, for a total transaction of £6,232.24 ($8,143.53).
The firm also recently disclosed a dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 13th will be given a $0.07 dividend. The ex-dividend date is Thursday, June 13th. This represents a dividend yield of 1.85%. Ferrexpo’s dividend payout ratio is presently 0.18%.
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.
Further Reading: Price-Sales Ratio
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