Ferrexpo Halts Ukrainian Operations Again Amid Power Infrastructure Attacks

Ferrexpo ( (GB:FXPO) ) has issued an announcement.

Ferrexpo has temporarily suspended its Ukrainian operations and placed part of its workforce on furlough after renewed attacks on the country’s electricity generation and transmission infrastructure disrupted power supplies to its sites. While the company reports no injuries to staff and no damage to its operating assets, the halt will remain in place until a stable and sufficient electricity supply can be guaranteed, underscoring the ongoing operational risks posed by the conflict in Ukraine for both Ferrexpo and its stakeholders.

The most recent analyst rating on (GB:FXPO) stock is a Buy with a £78.00 price target. To see the full list of analyst forecasts on Ferrexpo stock, see the GB:FXPO Stock Forecast page.

Spark’s Take on GB:FXPO Stock

According to Spark, TipRanks’ AI Analyst, GB:FXPO is a Neutral.

Ferrexpo’s overall stock score is primarily influenced by its challenging financial performance, with declining revenues and profitability being major concerns. Technical analysis provides a more positive outlook with strong momentum indicators. Valuation remains a concern due to negative earnings. Corporate events highlight operational challenges but also demonstrate the company’s resilience and commitment to responsible business practices.

To see Spark’s full report on GB:FXPO stock, click here.

More about Ferrexpo

Ferrexpo is a Switzerland-headquartered producer and exporter of premium grade iron ore products, supplying high-quality pellets to steel mills worldwide to help reduce carbon emissions and improve productivity. The group operates assets in Ukraine, is listed on the London Stock Exchange under ticker FXPO, and is a constituent of the FTSE All Share and FTSE4Good indices.

Average Trading Volume: 2,301,302

Technical Sentiment Signal: Buy

Current Market Cap: £428.3M

Find detailed analytics on FXPO stock on TipRanks’ Stock Analysis page.