RHI Magnesita (LON:RHIM) Shares Up 1.1% – What’s Next?
by Jessica Moore · The Cerbat GemRHI Magnesita (LON:RHIM – Get Free Report)’s stock price rose 1.1% during mid-day trading on Wednesday . The stock traded as high as GBX 2,800 and last traded at GBX 2,764.79. 30,134 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 135,217 shares. The stock had previously closed at GBX 2,735.
Analysts Set New Price Targets
Several research firms recently weighed in on RHIM. Royal Bank Of Canada restated a “buy” rating and set a GBX 2,850 price target on shares of RHI Magnesita in a research report on Thursday, March 5th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,765 price objective on shares of RHI Magnesita in a report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, RHI Magnesita has an average rating of “Moderate Buy” and a consensus price target of GBX 3,453.75.
View Our Latest Stock Report on RHIM
RHI Magnesita Stock Performance
The company has a debt-to-equity ratio of 180.59, a current ratio of 1.46 and a quick ratio of 0.93. The business has a 50 day moving average price of GBX 2,807.32 and a 200 day moving average price of GBX 2,756.22. The stock has a market capitalization of £1.31 billion, a PE ratio of 15.62, a PEG ratio of 2.03 and a beta of 1.51.
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 over 20,000 employees in 65 main production sites (including raw material sites), 12 recycling facilities and more than 70 sales offices.