Brokerages Set RHI Magnesita (LON:RHIM) Target Price at GBX 4,183.33

RHI Magnesita (LON:RHIMGet Rating) has been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 4,183.33 ($52.42).

RHIM has been the topic of a number of research analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 4,000 ($50.13) target price on shares of RHI Magnesita in a report on Thursday, April 14th. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 3,300 ($41.35) target price on shares of RHI Magnesita in a research report on Wednesday, April 13th. Finally, Barclays lowered their target price on RHI Magnesita from GBX 3,840 ($48.12) to GBX 3,100 ($38.85) and set an “overweight” rating on the stock in a research report on Wednesday, March 30th.

LON:RHIM traded down GBX 36 ($0.45) on Wednesday, hitting GBX 2,516 ($31.53). 28,189 shares of the stock were exchanged, compared to its average volume of 43,009. The company has a current ratio of 1.79, a quick ratio of 0.97 and a debt-to-equity ratio of 195.11. RHI Magnesita has a fifty-two week low of GBX 2,182 ($27.34) and a fifty-two week high of GBX 4,642 ($58.17). The stock has a market cap of £1.18 billion and a PE ratio of 5.81. The stock has a fifty day moving average of GBX 2,411.25 and a 200-day moving average of GBX 2,878.72.

About RHI Magnesita (Get Rating)

RHI Magnesita N.V., together with its subsidiaries, develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide. It offers magnesia spinel, dolomite, dolomite-magnesia, magnesia-chrome, alumina, alumina silicate, and mortars for the cement industry; shaped products based on silicon carbide, magnesia, zirconium, fireclay, and alumina; unshaped refractories; and high-temperature insulation, and ceramic and metallic anchoring systems.

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