RHI Magnesita (LON:RHIM) Stock Rating Reaffirmed by Barclays

RHI Magnesita (LON:RHIMGet 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

(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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Analyst Recommendations for RHI Magnesita (LON:RHIM)

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