RHI Magnesita (LON:RHIM) Shares Up 1.1% – What’s Next?

Shares of RHI Magnesita (LON:RHIM) were up 1.1% during trading on Wednesday . The stock traded as high as GBX 2,800 and last traded at GBX 2,764.79. 30,134 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 135,217 shares. The stock had previously closed at GBX 2,735.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and set a GBX 2,765 price target on shares of RHI Magnesita in a research note on Wednesday, April 29th. Royal Bank Of Canada restated a “buy” rating and issued a GBX 2,850 price objective on shares of RHI Magnesita in a research report on Thursday, March 5th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,453.75.

RHI Magnesita Price Performance

The stock has a fifty day moving average of GBX 2,808.20 and a two-hundred day moving average of GBX 2,757.24. The stock has a market cap of £1.37 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 2.03 and a beta of 1.51. The company has a quick ratio of 0.93, a current ratio of 1.46 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 over 20,000 employees in 65 main production sites (including raw material sites), 12 recycling facilities and more than 70 sales offices.