Ferrexpo (LON:FXPO) Stock Price Up 11.3% – Here’s Why

by · The Cerbat Gem

Ferrexpo plc (LON:FXPO – Get Free Report)’s share price rose 11.3% on Wednesday . The stock traded as high as GBX 54.30 and last traded at GBX 53.60. Approximately 3,047,512 shares traded hands during trading, a decline of 15% from the average daily volume of 3,573,707 shares. The stock had previously closed at GBX 48.15.

Wall Street Analyst Weigh In

Separately, Peel Hunt reiterated a “hold” rating and set a GBX 53 price target on shares of Ferrexpo in a research report on Monday, November 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 53.

Check Out Our Latest Analysis on FXPO

Ferrexpo Price Performance

The company has a market cap of £339.50 million, a price-to-earnings ratio of -1.13, a PEG ratio of -0.18 and a beta of 1.26. The company’s 50 day moving average price is GBX 54 and its 200-day moving average price is GBX 53.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11.

Ferrexpo Company Profile

(Get Free Report)

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.

Further Reading