Royal Bank Of Canada Reaffirms “Buy” Rating for RHI Magnesita (LON:RHIM)

RHI Magnesita (LON:RHIM)‘s stock had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada in a research note issued on Thursday, Marketbeat Ratings reports. They presently have a GBX 2,850 target price on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 11.76% from the stock’s current price.

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 4,200 price target on shares of RHI Magnesita in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 3,483.75.

RHI Magnesita Trading Down 5.2%

LON:RHIM opened at GBX 2,550 on Thursday. The firm has a market cap of £1.21 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. The stock has a fifty day moving average price of GBX 2,884.10 and a 200 day moving average price of GBX 2,471.52. RHI Magnesita has a 12-month low of GBX 1,932 and a 12-month high of GBX 3,790. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 180.59.

About RHI Magnesita

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.