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The latest update is out from Ferrexpo ( (GB:FXPO) ).
Ferrexpo PLC announced the successful re-election of Vitalii Lisovenko as an Independent Non-executive Director during its General Meeting. The resolution was passed with 87.04% of votes in favor, reflecting shareholder support for the company’s governance. This decision is significant for Ferrexpo’s strategic direction and stability, particularly given its role in the global steel industry and the challenges posed by geopolitical tensions in Ukraine.
The most recent analyst rating on (GB:FXPO) stock is a Hold with a £53.00 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 impacted by its weak financial performance, characterized by declining revenues and profitability. Technical analysis shows mixed signals, with some potential for upward momentum. Valuation is poor due to negative earnings and lack of dividends, further weighing down the score.
To see Spark’s full report on GB:FXPO stock, click here.
More about Ferrexpo
Ferrexpo is a Swiss-based iron ore company with operations in Ukraine and a listing on the London Stock Exchange. It is a significant player in the global steel industry, producing high-grade iron ore pellets that enhance productivity and reduce carbon emissions for steelmakers. Before the 2022 conflict in Ukraine, Ferrexpo was the third largest exporter of pellets worldwide, serving a global customer base of premium steel mills.
Average Trading Volume: 3,235,027
Technical Sentiment Signal: Sell
Current Market Cap: £316M
See more data about FXPO stock on TipRanks’ Stock Analysis page.