Vesuvius Plc (VSVS) Receives “Hold” Rating from HSBC Holdings plc
HSBC Holdings plc reaffirmed their hold rating on shares of Vesuvius Plc (LON:VSVS) in a research note issued to investors on Friday morning. They currently have a GBX 600 ($8.07) target price on the stock.
A number of other research analysts have also weighed in on VSVS. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 550 ($7.40) price target on shares of Vesuvius Plc in a research note on Monday, August 7th. BNP Paribas upgraded shares of Vesuvius Plc to an outperform rating and set a GBX 675 ($9.08) price objective for the company in a report on Tuesday, July 18th. Peel Hunt reiterated a buy rating and issued a GBX 740 ($9.95) price objective on shares of Vesuvius Plc in a report on Friday, September 15th. Finally, J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 710 ($9.55) price objective (up previously from GBX 620 ($8.34)) on shares of Vesuvius Plc in a report on Monday, July 24th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of GBX 633.75 ($8.52).
Shares of Vesuvius Plc (LON VSVS) traded up 1.11% during midday trading on Friday, hitting GBX 590.00. The stock had a trading volume of 245,752 shares. The stock’s market cap is GBX 1.59 billion. The firm has a 50 day moving average price of GBX 562.84 and a 200-day moving average price of GBX 551.53. Vesuvius Plc has a 52-week low of GBX 335.90 and a 52-week high of GBX 633.00.
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The company also recently declared a dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, August 10th were issued a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a dividend yield of 0.99%.
Vesuvius Plc Company Profile
Vesuvius plc provides engineering services and solutions 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 iron, steel, and nonferrous foundries.
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