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New Sell Rating for Fortescue Metals Group Ltd (FSUMF), the Basic Materials Giant

Tipranks - Tipranks - Tue Jan 27, 8:16PM CST

In a report released today, Rahul Anand from Morgan Stanley maintained a Sell rating on Fortescue Metals Group Ltd, with a price target of A$19.00.

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According to TipRanks, Anand is a 5-star analyst with an average return of 13.3% and a 57.93% success rate. Anand covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, South32, and BHP Group Ltd.

In addition to Morgan Stanley, Fortescue Metals Group Ltd also received a Sell from Macquarie’s Robert Stein in a report issued on January 22. However, yesterday, Bell Potter maintained a Hold rating on Fortescue Metals Group Ltd (Other OTC: FSUMF).

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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 6.48M.

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