Ferrexpo (LON:FXPO) Trading 9.1% Higher – Here’s What Happened

Ferrexpo plc (LON:FXPO)’s stock price rose 9.1% during trading on Monday . The company traded as high as GBX 79.30 and last traded at GBX 77.58. Approximately 10,738,810 shares were traded during mid-day trading, an increase of 187% from the average daily volume of 3,747,239 shares. The stock had previously closed at GBX 71.10.

Analysts Set New Price Targets

Separately, Peel Hunt reissued a “hold” rating and issued a GBX 53 price objective on shares of Ferrexpo in a report on Monday, November 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 53.

Ferrexpo Price Performance

The company’s fifty day moving average price is GBX 58.83 and its 200 day moving average price is GBX 53.70. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11. The firm has a market capitalization of £454.49 million, a price-to-earnings ratio of -1.51, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26.

Ferrexpo Company Profile

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group’s iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore.

Ferrexpo’s operations have been supplying the global steel industry for over 50 years, and in 2022 the Group produced 6.1 million tonnes of iron ore pellets, despite the war in Ukraine.