RHI Magnesita (LON:RHIM) Shares Up 2%

RHI Magnesita (LON:RHIMGet Free Report) shares traded up 2% during mid-day trading on Thursday . The stock traded as high as GBX 3,295 ($41.87) and last traded at GBX 3,285 ($41.74). 19,903 shares changed hands during trading, an increase of 19% from the average session volume of 16,793 shares. The stock had previously closed at GBX 3,220 ($40.91).

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays reaffirmed an “overweight” rating and set a GBX 3,800 ($48.28) target price on shares of RHI Magnesita in a research note on Thursday, February 29th. Berenberg Bank reiterated a “buy” rating and issued a GBX 4,300 ($54.64) price objective on shares of RHI Magnesita in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada upped their price target on RHI Magnesita from GBX 3,400 ($43.20) to GBX 4,000 ($50.83) and gave the stock a “sector perform” rating in a research note on Thursday, February 29th.

Read Our Latest Research Report on RHI Magnesita

RHI Magnesita Stock Performance

The company has a debt-to-equity ratio of 148.23, a current ratio of 2.23 and a quick ratio of 0.93. The company has a 50 day simple moving average of GBX 3,453.84 and a 200-day simple moving average of GBX 3,432.16. The firm has a market cap of £1.55 billion, a PE ratio of 1,128.87, a price-to-earnings-growth ratio of 2.03 and a beta of 1.51.

RHI Magnesita Company Profile

(Get Free Report)

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.

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