Vesuvius (LON:VSVS) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Vesuvius plc (LON:VSVS)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 375.01 and traded as high as GBX 399. Vesuvius shares last traded at GBX 393.20, with a volume of 995,369 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VSVS. JPMorgan Chase & Co. lifted their price target on shares of Vesuvius from GBX 340 to GBX 390 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Peel Hunt restated a “buy” rating and set a GBX 470 target price on shares of Vesuvius in a research note on Tuesday, November 11th. Jefferies Financial Group lifted their price target on shares of Vesuvius from GBX 500 to GBX 550 and gave the company a “buy” rating in a report on Wednesday, November 12th. Finally, Berenberg Bank increased their price objective on shares of Vesuvius from GBX 430 to GBX 460 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Vesuvius currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 467.50.

Vesuvius Stock Performance

The business’s fifty day moving average price is GBX 377.60 and its two-hundred day moving average price is GBX 375.08. The company has a debt-to-equity ratio of 41.62, a quick ratio of 1.20 and a current ratio of 1.57. The stock has a market capitalization of £960.66 million, a P/E ratio of 14.30, a P/E/G ratio of 0.57 and a beta of 1.20.

About Vesuvius

We are a global leader in metal flow engineering, providing a full range of engineering services and solutions to its customers worldwide, principally serving the steel and foundry industries.