RHI Magnesita (LON:RHIM) Stock Keeps “Buy” Rating at Berenberg Bank

by · The Cerbat Gem

RHI Magnesita (LON:RHIM – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research note issued on Wednesday, MarketBeat Ratings reports. They currently have a GBX 4,000 price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 40.35% from the stock’s previous close.

RHI Magnesita Stock Down 6.6%

Shares of RHIM stock opened at GBX 2,850 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 0.93 and a debt-to-equity ratio of 169.57. RHI Magnesita has a 12 month low of GBX 1,932 and a 12 month high of GBX 3,350. The stock has a market cap of £1.35 billion, a P/E ratio of 16.10, a P/E/G ratio of 2.03 and a beta of 1.50. The company has a 50 day simple moving average of GBX 2,869.90 and a two-hundred day simple moving average of GBX 2,776.88.

RHI Magnesita Company Profile

(Get Free Report)

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 over 20,000 employees in 65 main production sites (including raw material sites), 12 recycling facilities and more than 70 sales offices.

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