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Fortescue Metals Group Ltd (FSUMF) Receives a Hold from UBS

Tipranks - Tipranks - Mon Mar 30, 5:52PM CDT

In a report released today, Lachlan Shaw from UBS maintained a Hold rating on Fortescue Metals Group Ltd, with a price target of A$20.40.

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Shaw covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Rio Tinto Limited, and Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh. According to TipRanks, Shaw has an average return of -2.8% and a 50.99% success rate on recommended stocks.

In addition to UBS, Fortescue Metals Group Ltd also received a Hold from Macquarie’s Robert Stein in a report issued on March 25. However, today, Macquarie upgraded Fortescue Metals Group Ltd (Other OTC: FSUMF) to a Buy.

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The company has a one-year high of A$23.38 and a one-year low of A$13.18. Currently, Fortescue Metals Group Ltd has an average volume of 7.11M.

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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