RHI Magnesita (LON:RHIM) Trading 1.1% Higher – Here’s Why

RHI Magnesita (LON:RHIM)’s share price shot up 1.1% on Friday . The company traded as high as GBX 2,820 and last traded at GBX 2,800. Approximately 593,159 shares traded hands during mid-day trading, an increase of 424% from the average session volume of 113,130 shares. The stock had previously closed at GBX 2,770.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “hold” rating and set a GBX 2,765 price target on shares of RHI Magnesita in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, RHI Magnesita currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,271.67.

RHI Magnesita Trading Up 1.1%

The stock has a market capitalization of £1.33 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 2.03 and a beta of 1.51. The company has a debt-to-equity ratio of 169.57, a quick ratio of 0.93 and a current ratio of 1.48. The firm has a fifty day moving average of GBX 2,888.94 and a 200-day moving average of GBX 2,800.25.

RHI Magnesita Company Profile

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.