RHI Magnesita (LON:RHIM) Trading 0.7% Higher – Here’s What Happened

RHI Magnesita (LON:RHIM) traded up 0.7% during mid-day trading on Wednesday . The company traded as high as GBX 2,805 and last traded at GBX 2,750. 118,997 shares traded hands during trading, a decline of 3% from the average session volume of 122,546 shares. The stock had previously closed at GBX 2,730.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Jefferies Financial Group restated a “hold” rating and set a GBX 2,765 target price on shares of RHI Magnesita in a research report on Wednesday, April 29th. Royal Bank Of Canada restated a “buy” rating and set a GBX 2,850 target price on shares of RHI Magnesita in a research report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, RHI Magnesita has an average rating of “Moderate Buy” and a consensus target price of GBX 3,453.75.

RHI Magnesita Stock Performance

The stock has a market cap of £1.30 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 2.03 and a beta of 1.51. The stock’s 50-day moving average is GBX 2,711.72 and its 200-day moving average is GBX 2,716.40. The company has a debt-to-equity ratio of 180.59, a current ratio of 1.46 and a quick ratio of 0.93.

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.