Vesuvius (LON:VSVS) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Vesuvius plc (LON:VSVS) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 402.71 and traded as high as GBX 459. Vesuvius shares last traded at GBX 447, with a volume of 566,986 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 470 price target on shares of Vesuvius in a research note on Tuesday, November 11th. Berenberg Bank upped their price objective on shares of Vesuvius from GBX 430 to GBX 460 and gave the company a “buy” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. raised their target price on shares of Vesuvius from GBX 340 to GBX 390 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Finally, Jefferies Financial Group lifted their target price on shares of Vesuvius from GBX 500 to GBX 550 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 467.50.

Vesuvius Stock Down 1.1%

The company has a debt-to-equity ratio of 57.19, a quick ratio of 1.20 and a current ratio of 2.27. The company has a market cap of £1.08 billion, a PE ratio of 16.08, a PEG ratio of 0.57 and a beta of 1.03. The firm has a fifty day simple moving average of GBX 452.38 and a 200 day simple moving average of GBX 403.31.

About Vesuvius

We are a global leader in metal flow engineering, providing a full range of engineering services and solutions to its customers worldwide, principally serving the steel and foundry industries.