RHI Magnesita (LON:RHIM – Get Rating)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They currently have a GBX 3,100 ($37.99) price objective on the stock. Barclays‘s price objective points to a potential upside of 56.49% from the stock’s current price.
Several other equities analysts have also issued reports on RHIM. Berenberg Bank reaffirmed a “buy” rating and set a GBX 4,000 ($49.01) price objective on shares of RHI Magnesita in a report on Thursday, April 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 2,400 ($29.41) price objective on shares of RHI Magnesita in a report on Tuesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, RHI Magnesita currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,900 ($47.79).
RHI Magnesita Stock Performance
Shares of RHIM stock opened at GBX 1,981 ($24.27) on Tuesday. The stock’s 50-day moving average is GBX 2,166.77 and its two-hundred day moving average is GBX 2,553.23. The firm has a market cap of £931.05 million and a price-to-earnings ratio of 447.18. RHI Magnesita has a 1 year low of GBX 1,801.28 ($22.07) and a 1 year high of GBX 4,134 ($50.66). The company has a debt-to-equity ratio of 195.11, a quick ratio of 0.97 and a current ratio of 1.79.
RHI Magnesita Company Profile
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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