RHI Magnesita’s (RHIM) “Buy” Rating Reiterated at Peel Hunt
Peel Hunt restated their buy rating on shares of RHI Magnesita (LON:RHIM) in a report issued on Monday morning, ThisIsMoney.Co.Uk reports.
Several other analysts also recently commented on the company. Barclays reissued an overweight rating and issued a GBX 6,040 ($78.92) price objective on shares of RHI Magnesita in a research note on Tuesday, August 13th. Berenberg Bank lowered their price objective on RHI Magnesita from GBX 5,740 ($75.00) to GBX 5,700 ($74.48) and set a buy rating for the company in a research note on Tuesday, August 20th. Finally, Numis Securities reissued a hold rating on shares of RHI Magnesita in a research note on Thursday, May 30th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 5,997.50 ($78.37).
Shares of RHI Magnesita stock opened at GBX 4,244 ($55.46) on Monday. The company has a market cap of $2.09 billion and a PE ratio of 54.97. RHI Magnesita has a 52 week low of GBX 3,240 ($42.34) and a 52 week high of GBX 5,020 ($65.60). The business has a 50 day moving average price of GBX 4,316.76 and a 200-day moving average price of GBX 4,609.27. The company has a quick ratio of 0.88, a current ratio of 1.52 and a debt-to-equity ratio of 137.45.
About RHI Magnesita
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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