Royal Bank Of Canada Issues Pessimistic Forecast for RHI Magnesita (LON:RHIM) Stock Price

RHI Magnesita (LON:RHIM) had its target price reduced by analysts at Royal Bank Of Canada from GBX 3,200 ($42.47) to GBX 3,000 ($39.82) in a report released on Thursday, MarketBeat reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 33.33% from the stock’s previous close.

RHI Magnesita Price Performance

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

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.