JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Vesuvius (LON:VSVS – Free Report) in a research report report published on Tuesday morning, MarketBeat Ratings reports. They currently have a GBX 460 ($5.68) target price on the stock.
A number of other equities research analysts have also recently issued reports on VSVS. Berenberg Bank upped their target price on Vesuvius from GBX 480 ($5.93) to GBX 580 ($7.16) and gave the stock a buy rating in a research report on Tuesday, March 5th. Jefferies Financial Group reissued a buy rating and issued a GBX 675 ($8.34) price objective on shares of Vesuvius in a research report on Thursday, February 29th.
Get Our Latest Analysis on VSVS
Vesuvius Stock Down 0.4 %
Vesuvius Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, April 18th will be paid a GBX 16.20 ($0.20) dividend. This represents a dividend yield of 3.33%. This is a positive change from Vesuvius’s previous dividend of $6.80. The ex-dividend date is Thursday, April 18th. Vesuvius’s dividend payout ratio is presently 5,227.27%.
Insider Activity at Vesuvius
In related news, insider Patrick André sold 66,184 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of GBX 484 ($5.98), for a total value of £320,330.56 ($395,665.22). In other Vesuvius news, 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 ($5.98), for a total transaction of £320,330.56 ($395,665.22). Also, insider Mark Collis acquired 8,228 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were bought at an average price of GBX 484 ($5.98) per share, with a total value of £39,823.52 ($49,189.13). 1.34% of the stock is currently owned by corporate insiders.
About Vesuvius
Vesuvius plc provides molten metal flow engineering and technology services to steel and foundry 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.
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