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Ferrexpo Plc 14.3% Potential Upside Indicated by HSBC

Ferrexpo Plc using EPIC/TICKER code (LON:FXPO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at HSBC. Ferrexpo Plc are listed in the Basic Materials sector within UK Main Market. HSBC have set their target price at 310 GBX on its stock. This would imply the analyst believes there is now a potential upside of 14.3% from today’s opening price of 271.1 GBX. Over the last 30 and 90 trading days the company share price has increased 31.8 points and increased 84.5 points respectively. The 52 week high for the share price is currently at 319.9 GBX while the 52 week low for the stock is 138 GBX.

Ferrexpo Plc has a 50 day moving average of 238.29 GBX and a 200 Day Moving Average share price is recorded at 206.04. There are currently 588,624,142 shares in issue with the average daily volume traded being 2,670,379. Market capitalisation for LON:FXPO is £1,574,569,579 GBP.