RHI Magnesita (LON:RHIM) Trading Up 1.2% – Here’s Why

RHI Magnesita (LON:RHIM)’s stock price traded up 1.2% during trading on Monday . The company traded as high as GBX 3,240 and last traded at GBX 3,218.44. 16,667 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 40,052 shares. The stock had previously closed at GBX 3,180.80.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 4,200 price target on shares of RHI Magnesita in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 3,521.25.

RHI Magnesita Price Performance

The stock’s 50 day moving average is GBX 2,826.09 and its two-hundred day moving average is GBX 2,423.61. The stock has a market capitalization of £1.52 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The company has a debt-to-equity ratio of 152.96, a current ratio of 1.91 and a quick ratio of 0.93.

RHI Magnesita Company Profile

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with around 22,000 employees in 47 main production sites, 9 recycling facilities and more than 70 sales offices.