RHI Magnesita (LON:RHIM) Given “Overweight” Rating at Barclays
Several other research analysts have also commented on the company. Numis Securities reiterated a buy rating and set a GBX 877 ($11.46) price target on shares of in a report on Thursday, May 30th. Peel Hunt reiterated a reduce rating on shares of Beazley in a report on Tuesday, July 2nd. Finally, Berenberg Bank lowered JERONIMO MARTIN/ADR from a buy rating to a hold rating in a report on Monday, July 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. RHI Magnesita currently has a consensus rating of Buy and an average price target of GBX 5,996.67 ($78.36).
RHIM stock traded down GBX 2 ($0.03) during midday trading on Friday, reaching GBX 4,556 ($59.53). The stock had a trading volume of 41,364 shares, compared to its average volume of 59,028. RHI Magnesita has a 52-week low of GBX 3,240 ($42.34) and a 52-week high of GBX 5,165 ($67.49). The company has a current ratio of 1.48, a quick ratio of 0.87 and a debt-to-equity ratio of 132.58. The firm has a fifty day moving average price of GBX 4,674.64. The stock has a market cap of $2.25 billion and a P/E ratio of 59.02.
RHI Magnesita N.V. produces and sells refractory products used in high-temperature industrial processes worldwide. The company operates through Steel and Industrial segments. It offers solutions for various furnaces, domes and deltas, ladles, AOD converters, valves and valve seats, caps and plugs, isostatic refractory products, tundish materials, and slide gate refractories and systems.
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