RHI Magnesita (LON:RHIM) Given “Buy” Rating at Peel Hunt
Peel Hunt reiterated their buy rating on shares of RHI Magnesita (LON:RHIM) in a report published on Wednesday, ThisIsMoney.Co.Uk reports.
A number of other research firms also recently weighed in on RHIM. Peel Hunt restated a buy rating and issued a GBX 5,900 ($77.61) target price on shares of RHI Magnesita in a report on Thursday, November 14th. Barclays restated an overweight rating and issued a GBX 4,400 ($57.88) target price on shares of RHI Magnesita in a report on Wednesday, January 8th. Royal Bank of Canada restated an outperform rating on shares of RHI Magnesita in a report on Friday, January 17th. Finally, Berenberg Bank reduced their target price on shares of RHI Magnesita from GBX 5,700 ($74.98) to GBX 4,540 ($59.72) and set a buy rating on the stock in a report on Wednesday, November 20th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. RHI Magnesita has a consensus rating of Buy and an average target price of GBX 5,185 ($68.21).
Shares of LON RHIM opened at GBX 3,164 ($41.62) on Wednesday. The company has a debt-to-equity ratio of 137.45, a quick ratio of 0.88 and a current ratio of 1.52. The company has a market cap of $1.54 billion and a P/E ratio of 40.98. The firm’s fifty day moving average is GBX 3,464.80 and its two-hundred day moving average is GBX 3,839.79. RHI Magnesita has a 52-week low of GBX 3,070 ($40.38) and a 52-week high of GBX 5,020 ($66.04).
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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