What’s Ahead for Ferrexpo Plc After Today’s Huge Increase?

 What's Ahead for Ferrexpo Plc After Today's Huge Increase?

The stock of Ferrexpo Plc (LON:FXPO) is a huge mover today! The stock decreased 4.30% or GBX 4.5 on November 8, hitting GBX 100.25. About 3.89 million shares traded hands or 20.43% up from the average. Ferrexpo Plc (LON:FXPO) has risen 277.48% since April 8, 2016 and is uptrending. It has outperformed by 275.52% the S&P500.
The move comes after 6 months positive chart setup for the GBX 601.38M company. It was reported on Nov, 8 by Barchart.com. We have GBX 131.33 PT which if reached, will make LON:FXPO worth GBX 186.43M more.

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. Ferrexpo PLC has been the topic of 114 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Ferrexpo Plc (LON:FXPO) earned “Buy” rating by Cantor Fitzgerald on Wednesday, August 3. Deutsche Bank maintained the stock with “Buy” rating in Thursday, May 5 report. The stock of Ferrexpo Plc (LON:FXPO) has “Neutral” rating given on Thursday, August 6 by JP Morgan. Liberum Capital maintained Ferrexpo Plc (LON:FXPO) on Thursday, May 5 with “Sell” rating. Cantor Fitzgerald maintained Ferrexpo Plc (LON:FXPO) rating on Monday, October 5. Cantor Fitzgerald has “Buy” rating and GBX 120 price target. The stock of Ferrexpo Plc (LON:FXPO) earned “Speculative Buy” rating by Beaufort Securities on Friday, May 20. The stock of Ferrexpo Plc (LON:FXPO) earned “Buy” rating by Cantor Fitzgerald on Tuesday, July 5. The firm has “Underperform” rating by Credit Suisse given on Thursday, April 7. The stock has “Sell” rating given by Liberum Capital on Tuesday, July 5. The rating was maintained by Investec with “Hold” on Tuesday, November 17.

Ferrexpo plc is an iron ore pellet producer. The company has a market cap of 601.38 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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