RHI Magnesita NV (RHIM) Given Average Recommendation of “Buy” by Brokerages
RHI Magnesita NV (LON:RHIM) has been given a consensus rating of “Buy” by the six brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 5,956.67 ($77.83).
A number of equities analysts recently commented on RHIM shares. Berenberg Bank boosted their target price on shares of RHI Magnesita from GBX 5,450 ($71.21) to GBX 5,620 ($73.44) and gave the stock a “buy” rating in a research note on Friday, April 12th. Barclays reaffirmed an “overweight” rating on shares of RHI Magnesita in a research report on Wednesday, April 3rd. Peel Hunt reaffirmed a “buy” rating and set a GBX 7,000 ($91.47) price objective on shares of RHI Magnesita in a research report on Wednesday, May 8th. Finally, Numis Securities reaffirmed a “hold” rating on shares of RHI Magnesita in a report on Thursday, May 30th.
RHIM traded up GBX 8 ($0.10) on Thursday, hitting GBX 4,720 ($61.68). 48,321 shares of the company were exchanged, compared to its average volume of 59,028. RHI Magnesita has a twelve month low of GBX 3,240 ($42.34) and a twelve month high of GBX 5,185 ($67.75). The stock has a market capitalization of $2.34 billion and a price-to-earnings ratio of 61.14. The company has a debt-to-equity ratio of 132.58, a current ratio of 1.48 and a quick ratio of 0.87.
RHI Magnesita Company Profile
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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