Could Ferrexpo Plc Rise Even More? The Stock Had Another Big Increase Today

 Could Ferrexpo Plc Rise Even More? The Stock Had Another Big Increase Today

The stock of Ferrexpo Plc (LON:FXPO) is a huge mover today! The stock increased 2.40% or GBX 2.79 on November 22, hitting GBX 118.79. About 3.64 million shares traded hands. Ferrexpo Plc (LON:FXPO) has risen 220.00% since April 22, 2016 and is uptrending. It has outperformed by 215.44% the S&P500.
The move comes after 7 months positive chart setup for the GBX 703.28M company. It was reported on Nov, 22 by Barchart.com. We have GBX 122.35 PT which if reached, will make LON:FXPO worth GBX 21.10 million 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 117 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Jefferies maintained Ferrexpo Plc (LON:FXPO) on Friday, October 14 with “Underperform” rating. The stock of Ferrexpo Plc (LON:FXPO) earned “Neutral” rating by J.P. Morgan on Thursday, October 15. As per Friday, August 7, the company rating was maintained by Numis Securities. The rating was maintained by JP Morgan with “Neutral” on Thursday, October 6. The rating was maintained by Investec on Thursday, September 24 with “Hold”. As per Thursday, November 12, the company rating was maintained by Deutsche Bank. The stock of Ferrexpo Plc (LON:FXPO) has “Neutral” rating given on Friday, May 20 by JP Morgan. Deutsche Bank maintained Ferrexpo Plc (LON:FXPO) on Wednesday, October 5 with “Buy” rating. The firm has “Sell” rating by Investec given on Tuesday, March 15. The firm has “Underweight” rating by Barclays Capital given on Wednesday, October 21.

Ferrexpo plc is an iron ore pellet producer. The company has a market cap of 703.28 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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