Rahul Anand analyst at Morgan Stanley reiterates coverage on Fortescue Metals Group Ltd (FSUMF) stock in the Basic Materials sector with a Sell rating. TipRanks.com has Anand rated as a 4.7 star analyst with a 58% return on investment and a 11.6% success rate. Anand has set a price target of $ 9.48.
TipRanks.com reports that Fortescue Metals Group Ltd stock currently has 11 analysts offering 12-month price targets and the consensus is a Strong Sell rating with an average price target for FSUMF's stock is $11.64. The target pricing ranges from a high forecast of $15.46 down to a low forecast of $9.48. Fortescue Metals Group Ltd (FSUMF)’s stock last closing price was $14.90 which would put the average price target at -21.88% upside.
In addition, TradingView issued a Buy rating for FSUMF's stock over the next month, Barchart.com has a buy rating and Yahoo! Finance has a Neutral short-term outlook. Remember, securities are volatile, so please do your own research on FSUMF stock.
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This article was pulled from miningandmetalmovers.com as they are an authority in the Mining and Metals Stock Sector. MiningandMetalMovers.com keeps investors informed of trending mining and metal stocks.
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