Fortescue Metals Group Receives Overweight Rating from Commonwealth Bank (FMG)
Posted by John Perry on Oct 15th, 2013
Fortescue Metals Group (ASX:FMG)‘s stock had its “overweight” rating restated by Commonwealth Bank in a research note issued on Monday, AnalystRatings.NET reports.
A number of other firms have also recently commented on FMG. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Fortescue Metals Group in a research note to investors on Friday.
Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Fortescue Metals Group in a research note to investors on Sunday, October 6th.
Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of A$4.85 ($4.57).
Shares of Fortescue Metals Group (ASX:FMG) opened at 5.260 on Monday. Fortescue Metals Group has a one year low of A$2.810 and a one year high of A$5.470.
The stock has a 50-day moving average of A$3.37 and a 200-day moving average of A$3.90. The company has a market cap of A$16.379 billion and a price-to-earnings ratio of 8.86.
Fortescue Metals Group Limited (ASX:FMG) is an iron ore producer and explorer.
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Last
$19.47 |
Change
-0.260(1.32%) |
Mkt cap ! $59.94B | |||
| Open | High | Low | Value | Volume |
| $19.65 | $19.65 | $19.37 | $126.0M | 6.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 24291 | 3 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |