Ferrexpo (LON:FXPO) Trading 8.1% Higher – Here’s Why

Ferrexpo plc (LON:FXPO) shot up 8.1% on Friday . The stock traded as high as GBX 58.80 and last traded at GBX 57.70. 9,290,895 shares changed hands during trading, an increase of 158% from the average session volume of 3,597,335 shares. The stock had previously closed at GBX 53.40.

Wall Street Analysts Forecast Growth

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

Ferrexpo Stock Up 8.1%

The stock has a market capitalization of £339.50 million, a P/E ratio of -1.13, 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. The firm’s fifty day moving average is GBX 54 and its 200-day moving average is GBX 53.13.

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.