UBS Keeps Their Hold Rating on Fortescue Metals Group Ltd (FSUMF)
UBS analyst Lachlan Shaw maintained a Hold rating on Fortescue Metals Group Ltd today and set a price target of A$20.00.
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According to TipRanks, Shaw is an analyst with an average return of -0.5% and a 51.47% success rate. Shaw covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Mineral Resources Limited, and Fortescue Metals Group Ltd.
Fortescue Metals Group Ltd has an analyst consensus of Hold, with a price target consensus of $12.36.
The company has a one-year high of A$21.53 and a one-year low of A$13.18. Currently, Fortescue Metals Group Ltd has an average volume of 6.65M.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FSUMF in relation to earlier this year.
Read More on FSUMF:
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- Fortescue Metals Group Ltd Highlights Growth and Sustainability at AGM
- Fortescue Metals Achieves Record Q1 Shipments and Advances Decarbonization Efforts
- Fortescue Upsizes Cash Tender Offers Amid Strong Demand
- Fortescue Metals Announces Cessation of Securities
- Fortescue Metals Announces Equity Securities Update
