Ferrexpo (LON:FXPO) Trading Up 11.3% – Here’s What Happened

Ferrexpo plc (LON:FXPO) shares rose 11.3% during trading 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 Analysts Forecast Growth

Separately, Peel Hunt restated a “hold” rating and set a GBX 53 price target on shares of Ferrexpo in a report on Monday, November 10th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 53.

Ferrexpo Price Performance

The stock has a fifty day simple moving average of GBX 53.86 and a 200-day simple moving average of GBX 53.27. The company has a market capitalization of £315.38 million, a PE ratio of -1.05, a P/E/G ratio of -0.18 and a beta of 1.26. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33.

About Ferrexpo

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.