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

Shares of RHI Magnesita (LON:RHIMGet Rating) have been given a consensus recommendation of “Buy” by the six research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 4,183.33 ($52.42).

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

Shares of RHIM traded down GBX 36 ($0.45) during midday trading on Wednesday, hitting GBX 2,516 ($31.53). The company had a trading volume of 28,189 shares, compared to its average volume of 43,009. The company has a quick ratio of 0.97, a current ratio of 1.79 and a debt-to-equity ratio of 195.11. RHI Magnesita has a 52 week low of GBX 2,182 ($27.34) and a 52 week high of GBX 4,642 ($58.17). The company’s 50 day moving average price is GBX 2,411.25 and its 200 day moving average price is GBX 2,878.72. The stock has a market cap of £1.18 billion and a price-to-earnings ratio of 5.81.

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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