Time to Reconsider Ferrexpo Plc After Reaching 52-Week High?

 Time to Reconsider Ferrexpo Plc After Reaching 52 Week High?

The stock of Ferrexpo Plc (LON:FXPO) hit a new 52-week high and has GBX 139.90 target or 5.00% above today’s GBX 133.24 share price. The 9 months bullish chart indicates low risk for the GBX 783.26 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the GBX 139.90 price target is reached, the company will be worth GBX 39.16M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.20% or GBX 0.26 on November 25, hitting GBX 133.24. About 4.76 million shares traded hands or 10.96% up from the average. Ferrexpo Plc (LON:FXPO) has risen 219.87% since April 28, 2016 and is uptrending. It has outperformed by 214.46% the S&P500.

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 118 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Friday, January 29 the stock rating was maintained by Credit Suisse with “Underperform”. The firm has “Buy” rating given on Monday, August 8 by Cantor Fitzgerald. Deutsche Bank maintained it with “Buy” rating and GBX 105 target price in Friday, May 20 report. Investec maintained it with “Hold” rating and GBX 39 target price in Friday, October 30 report. Morgan Stanley maintained the stock with “Equalwt/Attractive” rating in Thursday, January 7 report. The rating was maintained by Deutsche Bank with “Buy” on Monday, September 14. On Tuesday, October 6 the stock rating was maintained by JP Morgan with “Neutral”. As per Friday, March 11, the company rating was maintained by JP Morgan. As per Thursday, August 4, the company rating was maintained by JP Morgan. JP Morgan maintained the shares of FXPO in a report on Monday, September 21 with “Neutral” rating.

Ferrexpo plc is an iron ore pellet producer. The company has a market cap of 783.26 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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