Credit Suisse Group Upgrades Ferrexpo (LON:FXPO) to “Outperform”

Ferrexpo (LON:FXPOGet Rating) was upgraded by stock analysts at Credit Suisse Group to an “outperform” rating in a research note issued on Monday, July 25th, Marketbeat.com reports.

Several other analysts have also weighed in on the stock. Barclays upgraded shares of Ferrexpo to an “equal weight” rating and lowered their price objective for the company from GBX 265 ($3.20) to GBX 215 ($2.60) in a research note on Friday, July 8th. Liberum Capital reissued a “buy” rating and issued a GBX 390 ($4.71) price target on shares of Ferrexpo in a research report on Friday, April 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Ferrexpo from GBX 340 ($4.11) to GBX 210 ($2.54) and set a “neutral” rating for the company in a research report on Monday, July 4th.

Ferrexpo Trading Up 5.1 %

Shares of LON:FXPO traded up GBX 7.30 ($0.09) during mid-day trading on Monday, hitting GBX 150.70 ($1.82). The company had a trading volume of 601,509 shares, compared to its average volume of 2,174,597. The firm has a fifty day moving average price of GBX 143.52 and a 200 day moving average price of GBX 172.83. The company has a market capitalization of £887.06 million and a PE ratio of 361.32. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.22 and a quick ratio of 2.20. Ferrexpo has a one year low of GBX 105.50 ($1.27) and a one year high of GBX 456.07 ($5.51).

Insider Activity at Ferrexpo

In other news, insider Fiona MacAulay acquired 3,536 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were purchased at an average cost of GBX 141 ($1.70) per share, with a total value of £4,985.76 ($6,024.36).

About Ferrexpo

(Get Rating)

Ferrexpo plc, together with its subsidiaries, mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry. It operates two mines and a processing plant near Kremenchug in Ukraine; a port in Odessa; a fleet of vessels operating on the Rhine and Danube waterways; and an ocean-going vessel, which provides top-off services.

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