RHI Magnesita (LON:RHIM) Sets New 52-Week Low – Should You Sell?

RHI Magnesita (LON:RHIM) shares reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 2,020 ($27.36) and last traded at GBX 2,035 ($27.57), with a volume of 14786 shares changing hands. The stock had previously closed at GBX 2,040 ($27.63).

Analysts Set New Price Targets

RHIM has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 2,885 price objective on shares of RHI Magnesita in a research note on Thursday, July 31st. Royal Bank Of Canada decreased their price objective on RHI Magnesita from GBX 3,200 to GBX 3,000 and set a “sector perform” rating on the stock in a research note on Thursday, July 31st. Finally, Berenberg Bank decreased their price target on RHI Magnesita from GBX 4,400 to GBX 4,000 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 3,295.

RHI Magnesita Trading Down 0.2%

The business has a fifty day moving average price of GBX 2,614.89 and a 200 day moving average price of GBX 2,945.70. The company has a market capitalization of £962.53 million, a PE ratio of 2,076.53, a P/E/G ratio of 2.03 and a beta of 1.53. The company has a debt-to-equity ratio of 152.96, a quick ratio of 0.93 and a current ratio of 1.91.

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.