JPMorgan Chase & Co. Lowers Ferrexpo (OTCMKTS:FEEXF) Price Target to GBX 340

Ferrexpo (OTCMKTS:FEEXFGet Rating) had its price objective cut by JPMorgan Chase & Co. from GBX 350 ($4.55) to GBX 340 ($4.42) in a research note issued to investors on Monday, The Fly reports.

A number of other analysts have also recently commented on the company. Peel Hunt cut Ferrexpo from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research report on Monday, January 24th. Credit Suisse Group reduced their price target on Ferrexpo from GBX 350 ($4.55) to GBX 290 ($3.77) in a research report on Thursday, April 7th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $300.00.

FEEXF remained flat at $$2.36 during midday trading on Monday. The business’s fifty day moving average price is $2.42 and its 200 day moving average price is $3.40. Ferrexpo has a 1 year low of $1.43 and a 1 year high of $7.05.

About Ferrexpo (Get Rating)

Ferrexpo plc 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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