RHI Magnesita (LON:RHIM) Earns “Overweight” Rating from Barclays
Barclays restated their overweight rating on shares of RHI Magnesita (LON:RHIM) in a research note published on Tuesday morning, Digital Look reports. The brokerage currently has a GBX 6,040 ($78.92) target price on the stock.
RHIM has been the subject of a number of other reports. Berenberg Bank increased their price target on RHI Magnesita from GBX 5,620 ($73.44) to GBX 5,740 ($75.00) and gave the company a buy rating in a research report on Monday, July 22nd. Peel Hunt reissued a buy rating on shares of RHI Magnesita in a report on Monday, August 12th. Finally, Numis Securities reissued a hold rating on shares of RHI Magnesita in a report on Thursday, May 30th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. RHI Magnesita has a consensus rating of Buy and a consensus price target of GBX 6,007.50 ($78.50).
Shares of RHIM opened at GBX 4,224 ($55.19) on Tuesday. The company has a current ratio of 1.52, a quick ratio of 0.88 and a debt-to-equity ratio of 137.45. The company has a market capitalization of $2.09 billion and a price-to-earnings ratio of 54.72. The stock has a 50 day moving average of GBX 4,527.56 and a 200 day moving average of GBX 4,616.26. RHI Magnesita has a 12 month low of GBX 3,240 ($42.34) and a 12 month high of GBX 5,115 ($66.84).
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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