Analyst Price Target is GBX 53
▼ -19.82% Downside Potential
This price target is based on 1 analysts offering 12 month price targets for Ferrexpo in the last 3 months. The average price target is GBX 53, with a high forecast of GBX 53 and a low forecast of GBX 53. The average price target represents a -19.82% upside from the last price of GBX 66.10.
Current Consensus is
Hold
The current consensus among 1 contributing investment analysts is to hold stock in 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. Historically, Ferrexpo has been the world’s third largest exporter of pellets to the global steel industry, recently having a market share of approximately 9% in 2021. The Group has a global customer base comprising of premium steel mills around the world, which includes steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America.
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