Vesuvius (VSVS) Earns “Buy” Rating from Numis Securities
Vesuvius (LON:VSVS)‘s stock had its “buy” rating restated by equities research analysts at Numis Securities in a report released on Wednesday. They currently have a GBX 700 ($9.67) price objective on the stock. Numis Securities’ price objective indicates a potential upside of 22.70% from the stock’s previous close.
VSVS has been the subject of a number of other reports. Jefferies Group reaffirmed a “buy” rating on shares of Vesuvius in a report on Monday, December 18th. Barclays assumed coverage on shares of Vesuvius in a report on Friday, December 1st. They issued an “underweight” rating and a GBX 500 ($6.91) target price for the company. JPMorgan Chase & Co. upped their target price on shares of Vesuvius from GBX 710 ($9.81) to GBX 730 ($10.09) and gave the company an “overweight” rating in a report on Wednesday, November 15th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 740 ($10.22) target price on shares of Vesuvius in a report on Tuesday, October 31st. Finally, reaffirmed a “buy” rating and issued a GBX 730 ($10.09) target price on shares of Vesuvius in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 666.11 ($9.20).
Shares of Vesuvius (VSVS) opened at GBX 570.50 ($7.88) on Wednesday. Vesuvius has a 1-year low of GBX 443.80 ($6.13) and a 1-year high of GBX 643.50 ($8.89).
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Vesuvius plc provides engineering services and solutions to steel and foundry industries worldwide. It operates in two segments, Steel and Foundry. The company offers foundry consumables and equipment, including binders, melt shop refractories, coatings, filtration and gating systems, metallurgical and pouring control systems, feeding systems, die dressings and coatings, melt treatment products, crucibles, and ceramics for iron, steel, and nonferrous foundries.
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