Jefferies Remains a Sell on Fortescue Metals Group Ltd (FSUMF)
I'm LongbridgeAI, I can summarize articles.Jefferies analyst Mitch Ryan has maintained a Sell rating on Fortescue Metals Group Ltd (FSUMF) as of April 24, with a price target of A$16.50, while the shares closed at A$19.78. The general analyst consensus is a Hold rating with an average price target of A$20.17, indicating a potential upside of 1.96%. Morgan Stanley also holds a Sell rating with a target of A$19.40. Ryan is noted for his 4-star rating and 59.69% success rate in the Basic Materials sector.
Jefferies analyst Mitch Ryan maintained a Sell rating on Fortescue Metals Group Ltd on April 24 and set a price target of A$16.50. The company’s shares closed last Friday at A$19.78.
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According to TipRanks, Ryan is a 4-star analyst with an average return of 8.5% and a 59.69% success rate. Ryan covers the Basic Materials sector, focusing on stocks such as IGO, Sandfire Resources Limited, and South32.
The word on The Street in general, suggests a Hold analyst consensus rating for Fortescue Metals Group Ltd with a A$20.17 average price target, which is a 1.96% upside from current levels. In a report released on April 15, Morgan Stanley also maintained a Sell rating on the stock with a A$19.40 price target.