Vesuvius (LON:VSVS) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Vesuvius plc (LON:VSVS)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 387 and traded as high as GBX 472. Vesuvius shares last traded at GBX 469.70, with a volume of 62,587 shares.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VSVS. JPMorgan Chase & Co. raised their price target on shares of Vesuvius from GBX 340 to GBX 390 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Jefferies Financial Group increased their target price on Vesuvius from GBX 500 to GBX 550 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Peel Hunt reissued a “buy” rating and issued a GBX 470 target price on shares of Vesuvius in a report on Tuesday, November 11th. Finally, Berenberg Bank upped their price target on Vesuvius from GBX 430 to GBX 460 and gave the company a “buy” rating in a report on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 467.50.

Vesuvius Stock Up 1.3%

The stock has a market cap of £1.14 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 0.57 and a beta of 1.20. The company has a debt-to-equity ratio of 41.62, a quick ratio of 1.20 and a current ratio of 1.57. The company’s 50-day moving average price is GBX 416.90 and its 200 day moving average price is GBX 387.

Vesuvius Company Profile

We are a global leader in metal flow engineering, providing a full range of engineering services and solutions to its customers worldwide, principally serving the steel and foundry industries.