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The latest update is out from Ferrexpo ( (GB:FXPO) ).
Ferrexpo plc has announced that its Ukrainian subsidiary, Ferrexpo Poltava Mining (FPM), is facing potential bankruptcy proceedings initiated by Maxi Capital due to a contested sureties claim. The Commercial Court of Poltava region has accepted the application for consideration, with a preparatory hearing scheduled for 27 May 2025. The claim involves a significant financial dispute over guarantees related to Bank Finance & Credit, which is undergoing liquidation. Ferrexpo is actively defending its position in the Supreme Court, which has currently suspended enforcement of the claim. The outcome of these proceedings could significantly impact Ferrexpo’s operations and financial standing in Ukraine.
The most recent analyst rating on (GB:FXPO) stock is a Hold with a £1.00 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 is facing significant challenges with declining financial performance and negative corporate events. Technical analysis shows some short-term momentum, but long-term trends are unfavourable. The lack of positive valuation metrics further impacts the stock’s attractiveness. Investors should be cautious due to operational and geopolitical risks.
To see Spark’s full report on GB:FXPO stock, click here.
More about Ferrexpo
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine, listed on the London Stock Exchange under the ticker FXPO, and part of the FTSE 250 and FTSE4Good indices. The company produces high-grade iron ore pellets for the global steel industry, promoting reduced carbon emissions and increased productivity. Ferrexpo has been a significant supplier to the steel industry for over 50 years, with a global customer base of premium steel mills.
Average Trading Volume: 3,336,076
Technical Sentiment Signal: Hold
Current Market Cap: £391.3M
For a thorough assessment of FXPO stock, go to TipRanks’ Stock Analysis page.