Berenberg Bank Issues Pessimistic Forecast for Vesuvius (LON:VSVS) Stock Price

Vesuvius (LON:VSVS) had its price target lowered by research analysts at Berenberg Bank from GBX 520 to GBX 450 in a research note issued on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 16.82% from the company’s current price.

Several other research analysts have also commented on VSVS. Peel Hunt reissued a “buy” rating and set a GBX 525 price objective on shares of Vesuvius in a report on Monday, July 27th. JPMorgan Chase & Co. lowered their target price on shares of Vesuvius from GBX 440 to GBX 400 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 440 target price on shares of Vesuvius in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 520 price target on shares of Vesuvius in a research note on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Vesuvius presently has a consensus rating of “Moderate Buy” and an average target price of GBX 467.

Vesuvius Price Performance

Vesuvius stock opened at GBX 385.20 on Wednesday. Vesuvius has a 52 week low of GBX 350 and a 52 week high of GBX 507.50. The business has a 50-day simple moving average of GBX 445.38 and a 200 day simple moving average of GBX 444.87. The company has a quick ratio of 1.20, a current ratio of 2.05 and a debt-to-equity ratio of 56.90. The stock has a market cap of £948.35 million, a price-to-earnings ratio of 18.43, a PEG ratio of 0.57 and a beta of 1.15.

Vesuvius (LON:VSVS) last announced its earnings results on Thursday, July 30th. The company reported GBX 16.30 earnings per share for the quarter. Vesuvius had a return on equity of 3.36% and a net margin of 2.09%. On average, research analysts forecast that Vesuvius will post 51.3945695 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vesuvius news, insider Patrick André sold 55,936 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of GBX 368, for a total transaction of £205,844.48. 24.96% of the stock is owned by corporate insiders.

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.