RHI Magnesita NV (LON:RHIM) has been given a consensus recommendation of “Buy” by the six brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 4,946.67 ($65.07).
A number of research firms recently weighed in on RHIM. Peel Hunt restated a “buy” rating on shares of RHI Magnesita in a research note on Tuesday, January 7th. Berenberg Bank decreased their price target on RHI Magnesita from GBX 5,700 ($74.98) to GBX 4,540 ($59.72) and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating on shares of RHI Magnesita in a research note on Wednesday, October 9th. Barclays restated an “overweight” rating and issued a GBX 4,400 ($57.88) price target on shares of RHI Magnesita in a research note on Wednesday, January 8th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 5,900 ($77.61) price target on shares of RHI Magnesita in a research note on Thursday, November 14th.
Shares of RHI Magnesita stock traded down GBX 66 ($0.87) during trading on Friday, reaching GBX 3,594 ($47.28). The company’s stock had a trading volume of 36,636 shares, compared to its average volume of 59,028. The company has a quick ratio of 0.88, a current ratio of 1.52 and a debt-to-equity ratio of 137.45. RHI Magnesita has a 12-month low of GBX 3,134.04 ($41.23) and a 12-month high of GBX 5,020 ($66.04). The company has a market capitalization of $1.80 billion and a P/E ratio of 46.55. The business has a 50 day moving average price of GBX 3,803.76 and a 200-day moving average price of GBX 4,077.50.
In other news, insider Stefan Borgas acquired 2,700 shares of RHI Magnesita stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average cost of GBX 3,452 ($45.41) per share, with a total value of £93,204 ($122,604.58).
About RHI Magnesita
RHI Magnesita N.V. produces and sells refractory products used in high-temperature industrial processes worldwide. The company operates through Steel and Industrial segments. It offers solutions for various furnaces, domes and deltas, ladles, AOD converters, valves and valve seats, caps and plugs, isostatic refractory products, tundish materials, and slide gate refractories and systems.
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