RHI Magnesita (LON:RHIM) Receives GBX 4,183.33 Consensus Price Target from Brokerages

Shares of RHI Magnesita (LON:RHIMGet Rating) have been given an average rating of “Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 4,183.33 ($51.57).

Several equities analysts have weighed in on RHIM shares. Royal Bank of Canada restated a “sector perform” rating and set a GBX 3,300 ($40.68) target price on shares of RHI Magnesita in a report on Wednesday, April 13th. Berenberg Bank reiterated a “buy” rating and issued a GBX 4,000 ($49.31) price objective on shares of RHI Magnesita in a research note on Thursday, April 14th. Finally, Barclays dropped their price objective on RHI Magnesita from GBX 3,840 ($47.34) to GBX 3,100 ($38.21) and set an “overweight” rating on the stock in a research note on Wednesday, March 30th.

RHIM opened at GBX 2,439.35 ($30.07) on Friday. The stock has a market cap of £1.15 billion and a price-to-earnings ratio of 5.65. RHI Magnesita has a 1 year low of GBX 2,182 ($26.90) and a 1 year high of GBX 4,748 ($58.53). The company has a current ratio of 1.79, a quick ratio of 0.97 and a debt-to-equity ratio of 195.11. The stock has a fifty day moving average price of GBX 2,453.92 and a 200 day moving average price of GBX 2,973.47.

The company also recently announced a dividend, which will be paid on Tuesday, June 14th. Investors of record on Thursday, May 26th will be given a dividend of €1.00 ($1.04) per share. The ex-dividend date is Thursday, May 26th. This is an increase from RHI Magnesita’s previous dividend of $0.50. This represents a yield of 2.79%. RHI Magnesita’s dividend payout ratio (DPR) is 0.35%.

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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