RHI Magnesita (LON:RHIM) Hits New 1-Year High at $3,820.00

Shares of RHI Magnesita (LON:RHIM) reached a new 52-week high on Thursday . The company traded as high as GBX 3,820 ($47.99) and last traded at GBX 3,800 ($47.74), with a volume of 2456 shares trading hands. The stock had previously closed at GBX 3,765 ($47.30).

Analysts Set New Price Targets

A number of analysts have commented on the company. Barclays reissued an “overweight” rating and issued a GBX 3,800 ($47.74) target price on shares of RHI Magnesita in a report on Thursday, February 29th. Berenberg Bank restated a “buy” rating and issued a GBX 4,300 ($54.02) price target on shares of RHI Magnesita in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada raised their price target on RHI Magnesita from GBX 3,400 ($42.71) to GBX 4,000 ($50.25) and gave the stock a “sector perform” rating in a research note on Thursday, February 29th.

RHI Magnesita Trading Up 0.6 %

The stock has a market capitalization of £1.79 billion, a PE ratio of 1,289.38, a P/E/G ratio of 2.03 and a beta of 1.53. The company has a current ratio of 2.23, a quick ratio of 0.93 and a debt-to-equity ratio of 148.23. The stock has a 50 day moving average price of GBX 3,522.56 and a 200-day moving average price of GBX 3,278.76.

RHI Magnesita Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a €1.25 ($1.34) dividend. This represents a dividend yield of 2.91%. This is a boost from RHI Magnesita’s previous dividend of $0.55. The ex-dividend date is Thursday, May 16th. RHI Magnesita’s payout ratio is 5,308.22%.

About RHI Magnesita

RHI Magnesita N.V., together with its subsidiaries, develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide. It offers magnesia spinel, dolomite, dolomite-magnesia, magnesia-chrome, alumina, alumina silicate, and mortars for the cement industry; shaped products based on silicon carbide, magnesia, zirconium, fireclay, and alumina; unshaped refractories; high-temperature insulation, and ceramic and metallic anchoring systems; induction and electric arc furnaces, AOD converters, dome and delta, ladles, isostatically pressed and tundish products, and slide gates.