Jefferies Financial Group Reiterates “Hold” Rating for RHI Magnesita (LON:RHIM)

RHI Magnesita (LON:RHIM)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Financial Group in a report issued on Thursday, Marketbeat reports. They presently have a GBX 2,885 ($38.29) target price on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 28.22% from the company’s previous close.

Several other research analysts also recently commented on the company. Royal Bank Of Canada reduced their price objective on RHI Magnesita from GBX 3,200 ($42.47) to GBX 3,000 ($39.82) and set a “sector perform” rating for the company in a research note on Thursday. Berenberg Bank lowered their target price on shares of RHI Magnesita from GBX 4,400 ($58.40) to GBX 4,000 ($53.09) and set a “buy” rating on the stock in a research note on Wednesday.

RHI Magnesita Price Performance

Shares of RHI Magnesita stock opened at GBX 2,250 ($29.86) on Thursday. The stock has a market capitalization of £1.28 billion, a P/E ratio of 7.05, a PEG ratio of 2.03 and a beta of 1.53. The business has a 50 day simple moving average of GBX 2,875.98 and a two-hundred day simple moving average of GBX 3,144.45. RHI Magnesita has a 12 month low of GBX 2,250 ($29.86) and a 12 month high of GBX 3,885 ($51.57). The company has a debt-to-equity ratio of 152.96, a current ratio of 1.91 and a quick ratio of 0.93.

About RHI Magnesita

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with around 22,000 employees in 47 main production sites, 9 recycling facilities and more than 70 sales offices.