Vesuvius PLC (VSVS) Receives Consensus Rating of “Buy” from Analysts
Shares of Vesuvius PLC (LON:VSVS) have received an average recommendation of “Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 680 ($8.89).
Several analysts have issued reports on VSVS shares. Royal Bank of Canada started coverage on shares of Vesuvius in a research report on Tuesday, November 20th. They set a “top pick” rating and a GBX 700 ($9.15) price target on the stock. Goldman Sachs Group dropped their price target on shares of Vesuvius from GBX 660 ($8.62) to GBX 640 ($8.36) and set a “neutral” rating on the stock in a research report on Tuesday, December 4th. Bank of America raised shares of Vesuvius to a “buy” rating and set a GBX 620 ($8.10) price target on the stock in a research report on Tuesday, January 8th. Morgan Stanley upped their price target on shares of Vesuvius from GBX 660 ($8.62) to GBX 670 ($8.75) and gave the stock an “equal weight” rating in a research report on Monday, January 14th. Finally, Peel Hunt dropped their price target on shares of Vesuvius from GBX 800 ($10.45) to GBX 715 ($9.34) and set a “buy” rating on the stock in a research report on Monday, February 11th.
Shares of VSVS opened at GBX 612 ($8.00) on Friday. Vesuvius has a 12 month low of GBX 469.40 ($6.13) and a 12 month high of GBX 663 ($8.66). The firm has a market cap of $1.65 billion and a P/E ratio of 12.00. The company has a quick ratio of 1.73, a current ratio of 2.35 and a debt-to-equity ratio of 41.51.
The business also recently disclosed a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 18th will be given a GBX 13.80 ($0.18) dividend. The ex-dividend date is Thursday, April 18th. This is a positive change from Vesuvius’s previous dividend of $6.00. This represents a dividend yield of 2.31%. Vesuvius’s dividend payout ratio is presently 0.39%.
In related news, insider Holly Keller Koeppel acquired 10,000 shares of the company’s stock in a transaction dated Monday, December 17th. The shares were bought at an average cost of GBX 488 ($6.38) per share, with a total value of £48,800 ($63,765.84).
Vesuvius plc provides engineering services and solutions principally to steel and foundry industries worldwide. It operates in two segments, Steel and Foundry. The company offers foundry consumables and equipment, including binders, melt shop refractories, coatings, filtration and gating systems, metallurgical and pouring control systems, feeding systems, die dressings and coatings, melt treatment products, crucibles, and ceramics for the iron, steel, and nonferrous foundries.
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