The stock of Ferrexpo Plc (LON:FXPO) is a huge mover today! The stock increased 6.41% or GBX 8 on November 28, hitting GBX 132.75. About 3.20M shares traded hands. Ferrexpo Plc (LON:FXPO) has risen 253.33% since April 29, 2016 and is uptrending. It has outperformed by 247.32% the S&P500.
The move comes after 8 months negative chart setup for the GBX 772.22M company. It was reported on Nov, 28 by Barchart.com. We have GBX 124.79 PT which if reached, will make LON:FXPO worth GBX 46.33 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. Ferrexpo PLC has been the topic of 118 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Ferrexpo Plc (LON:FXPO) has “Reduce” rating given on Thursday, August 13 by Numis Securities. The firm has “Neutral” rating by JP Morgan given on Monday, November 7. JP Morgan maintained Ferrexpo Plc (LON:FXPO) rating on Thursday, May 5. JP Morgan has “Neutral” rating and GBX 36 price target. Credit Suisse upgraded the stock to “Neutral” rating in Thursday, August 4 report. The firm has “Buy” rating given on Thursday, March 31 by Deutsche Bank. Investec maintained the stock with “Sell” rating in Tuesday, July 19 report. Beaufort Securities maintained the shares of FXPO in a report on Friday, May 20 with “Speculative Buy” rating. The firm has “Underweight” rating given on Tuesday, November 10 by Barclays Capital. The firm has “Buy” rating by Deutsche Bank given on Monday, September 14. As per Friday, January 8, the company rating was maintained by Deutsche Bank.
Ferrexpo plc is an iron ore pellet producer. The company has a market cap of 772.22 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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