Vesuvius (LON:VSVS) Reaches New 12-Month High at $509.00

Vesuvius plc (LON:VSVS)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 509 ($6.47) and last traded at GBX 503 ($6.39), with a volume of 6978 shares trading hands. The stock had previously closed at GBX 504 ($6.41).

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Berenberg Bank increased their target price on shares of Vesuvius from GBX 480 ($6.10) to GBX 580 ($7.37) and gave the company a “buy” rating in a research report on Tuesday, March 5th. Jefferies Financial Group reissued a “buy” rating and set a GBX 675 ($8.58) target price on shares of Vesuvius in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 460 ($5.85) target price on shares of Vesuvius in a research report on Tuesday, April 23rd.

Vesuvius Trading Up 0.5 %

The stock’s fifty day simple moving average is GBX 486.97 and its 200-day simple moving average is GBX 472.37. The firm has a market cap of £1.29 billion, a PE ratio of 1,098.86, a PEG ratio of 0.57 and a beta of 1.29. The company has a debt-to-equity ratio of 30.47, a current ratio of 1.95 and a quick ratio of 1.20.

Vesuvius Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, April 18th will be issued a GBX 16.20 ($0.21) dividend. The ex-dividend date is Thursday, April 18th. This represents a dividend yield of 3.33%. This is a boost from Vesuvius’s previous dividend of $6.80. Vesuvius’s dividend payout ratio (DPR) is currently 5,227.27%.

Insiders Place Their Bets

In other Vesuvius news, insider Patrick André sold 66,184 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of GBX 484 ($6.15), for a total value of £320,330.56 ($407,130.86). In other Vesuvius news, insider Mark Collis acquired 8,228 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were purchased at an average price of GBX 484 ($6.15) per share, for a total transaction of £39,823.52 ($50,614.54). Also, insider Patrick André sold 66,184 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of GBX 484 ($6.15), for a total transaction of £320,330.56 ($407,130.86). Corporate insiders own 1.40% of the company’s stock.

Vesuvius Company Profile

Vesuvius plc provides molten metal flow engineering and technology services to steel and foundry casting industries worldwide. It operates through Flow Control, Sensor & Probes, and Advanced Refractories segments. The company provides consumables and equipment, which includes binders, coatings, feeding systems, filtration and gating systems, melt shop refractories, metallurgical and pouring control systems, die dressings and coatings, melt treatment products, crucibles, and ceramics for the iron, steel, and nonferrous foundries.