RHI Magnesita’s (RHIM) Buy Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their buy rating on shares of RHI Magnesita (LON:RHIM) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The firm currently has a GBX 2,850 price target on the stock.

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 4,200 price objective on shares of RHI Magnesita in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 3,483.75.

RHI Magnesita Stock Performance

Shares of RHI Magnesita stock opened at GBX 2,550 on Thursday. RHI Magnesita has a 12 month low of GBX 1,932 and a 12 month high of GBX 3,790. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 180.59. The stock has a market cap of £1.21 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. The business has a fifty day simple moving average of GBX 2,884.10 and a 200-day simple moving average of GBX 2,473.17.

RHI Magnesita Company Profile

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.