Peel Hunt Reaffirms “Buy” Rating for Vesuvius (VSVS)
Peel Hunt reissued their buy rating on shares of Vesuvius (LON:VSVS) in a research report sent to investors on Wednesday. Peel Hunt currently has a GBX 800 ($10.21) price target on the stock, up from their prior price target of GBX 765 ($9.76).
Other equities research analysts have also issued research reports about the company. Numis Securities reaffirmed a buy rating on shares of Vesuvius in a research report on Thursday, July 26th. Investec raised Vesuvius to a buy rating and set a GBX 650 ($8.29) price target on the stock in a research report on Friday, April 27th. Deutsche Bank increased their price target on Vesuvius from GBX 605 ($7.72) to GBX 665 ($8.48) and gave the company a hold rating in a research report on Tuesday, July 31st. Jefferies Financial Group increased their price target on Vesuvius from GBX 725 ($9.25) to GBX 740 ($9.44) and gave the company a buy rating in a research report on Thursday, July 19th. Finally, JPMorgan Chase & Co. increased their price target on Vesuvius from GBX 745 ($9.50) to GBX 760 ($9.70) and gave the company an overweight rating in a research report on Friday, May 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 688.33 ($8.78).
Shares of Vesuvius stock opened at GBX 608.50 ($7.76) on Wednesday. Vesuvius has a 12 month low of GBX 503.50 ($6.42) and a 12 month high of GBX 643.50 ($8.21).
The business also recently declared a dividend, which will be paid on Friday, September 21st. Shareholders of record on Thursday, August 9th will be given a GBX 6 ($0.08) dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend is Thursday, August 9th.
Vesuvius plc provides engineering services and solutions principally 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 the iron, steel, and nonferrous foundries.
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