Could Ferrexpo Plc Change Direction After Today’s Huge Decline?

 Could Ferrexpo Plc Change Direction After Today's Huge Decline?

The stock of Ferrexpo Plc (LON:FXPO) is a huge mover today! The stock decreased 15.31% or GBX 19.55 on October 28, hitting GBX 108.2. About 23.76M shares traded hands or 1088.00% up from the average. Ferrexpo Plc (LON:FXPO) has risen 274.77% since March 31, 2016 and is uptrending. It has outperformed by 270.06% the S&P500.
The move comes after 9 months negative chart setup for the GBX 640.12M company. It was reported on Oct, 28 by Barchart.com. We have GBX 98.46 PT which if reached, will make LON:FXPO worth GBX 57.61 million less.

Ferrexpo Plc (LON:FXPO) Ratings Coverage

Out of 16 analysts covering Ferrexpo PLC (LON:FXPO), 4 rate it a “Buy”, 8 “Sell”, while 4 “Hold”. This means 25% are positive. GBX 200 is the highest target while GBX 15 is the lowest. The GBX 48.13 average target is -55.52% below today’s (GBX 108.2) stock price. Ferrexpo PLC has been the topic of 112 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by JP Morgan with “Neutral” on Thursday, May 5. The firm earned “Buy” rating on Wednesday, July 13 by Deutsche Bank. On Thursday, August 6 the stock rating was maintained by Jefferies with “Hold”. JP Morgan maintained it with “Neutral” rating and GBX 70 target price in Tuesday, July 28 report. The company was maintained on Thursday, June 30 by Credit Suisse. The firm earned “Neutral” rating on Thursday, August 4 by JP Morgan. Liberum Capital maintained the stock with “Sell” rating in Tuesday, July 5 report. The rating was maintained by Barclays Capital on Thursday, February 25 with “Underweight”. JP Morgan maintained Ferrexpo Plc (LON:FXPO) on Friday, March 11 with “Neutral” rating. The rating was maintained by Investec on Friday, October 30 with “Hold”.

Another recent and important Ferrexpo Plc (LON:FXPO) news was published by Fool.Co.Uk which published an article titled: “Why Ferrexpo Plc & Metals Exploration Plc Are Plummeting Today” on September 18, 2015.

Ferrexpo plc is an iron ore pellet producer. The company has a market cap of 640.12 million GBP. The Firm produces, develops and markets its principal product, iron ore pellets, for sale to the metallurgical industry. It currently has negative earnings. The Company’s activities are vertically integrated from iron ore mining through to iron ore concentrate, and pellet production and subsequent logistics.

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