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Brokerages Set Fortescue Metals G (FSUGY) PT at $9.25
Posted by Eileen French on Feb 4th, 2017 // No Comments

Fortescue Metals G (NASDAQ:FSUGY) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $9.25.

FSUGY has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Fortescue Metals G from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a research note on Tuesday, October 25th. Axiom Securities restated a “sell” rating on shares of Fortescue Metals G in a research note on Tuesday. Jefferies Group LLC restated a “buy” rating on shares of Fortescue Metals G in a research note on Thursday, January 26th. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Fortescue Metals G in a research note on Tuesday, November 29th.

Shares of Fortescue Metals G (NASDAQ:FSUGY) opened at 10.044 on Wednesday. The firm has a market cap of $15.64 billion and a P/E ratio of 15.892. Fortescue Metals G has a 12 month low of $2.23 and a 12 month high of $10.55. The company’s 50-day moving average price is $9.25 and its 200-day moving average price is $8.16.


Fortescue Metals G Company Profile








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