RHI Magnesita’s (RHIM) “Buy” Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reissued their buy rating on shares of RHI Magnesita (LON:RHIM) in a research note issued to investors on Thursday, Marketbeat.com reports. They currently have a GBX 2,850 price target on the stock.

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 4,200 price objective on shares of RHI Magnesita in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, RHI Magnesita currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,483.75.

RHI Magnesita Stock Performance

Shares of RHIM opened at GBX 2,605 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 180.59. The business has a 50-day simple moving average of GBX 2,887.80 and a two-hundred day simple moving average of GBX 2,469.19. The stock has a market cap of £1.23 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.03 and a beta of 1.29. RHI Magnesita has a 52 week low of GBX 1,932 and a 52 week high of GBX 3,790.

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 around 22,000 employees in 47 main production sites, 9 recycling facilities and more than 70 sales offices.