JPMorgan Chase & Co. Lowers Ferrexpo (LON:FXPO) Price Target to GBX 270

Ferrexpo (LON:FXPO) had its target price decreased by JPMorgan Chase & Co. from GBX 290 ($3.79) to GBX 270 ($3.53) in a report issued on Monday morning, Digital Look reports. JPMorgan Chase & Co. currently has a neutral rating on the iron ore producer’s stock.

A number of other equities analysts have also issued reports on the company. Barclays lowered Ferrexpo to an equal weight rating and lowered their price target for the stock from GBX 350 ($4.57) to GBX 245 ($3.20) in a report on Tuesday, August 6th. Credit Suisse Group raised their price target on Ferrexpo from GBX 260 ($3.40) to GBX 325 ($4.25) and gave the stock an outperform rating in a report on Thursday, April 25th. Deutsche Bank reissued a hold rating on shares of Ferrexpo in a report on Monday, August 5th. Shore Capital reissued a not rated rating on shares of Ferrexpo in a report on Tuesday, April 23rd. Finally, HSBC raised their price target on Ferrexpo from GBX 310 ($4.05) to GBX 340 ($4.44) and gave the stock a buy rating in a report on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Ferrexpo has an average rating of Buy and an average target price of GBX 297.86 ($3.89).

LON FXPO opened at GBX 216.70 ($2.83) on Monday. The company has a debt-to-equity ratio of 34.27, a quick ratio of 1.12 and a current ratio of 2.08. Ferrexpo has a 52-week low of GBX 138 ($1.80) and a 52-week high of GBX 305.60 ($3.99). The business’s 50-day moving average is GBX 255.63. The stock has a market capitalization of $1.28 billion and a price-to-earnings ratio of 2.83.

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a $0.07 dividend. This represents a yield of 2.15%. The ex-dividend date of this dividend is Thursday, August 15th. Ferrexpo’s dividend payout ratio is presently 0.14%.

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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