Berenberg Bank Lowers RHI Magnesita (LON:RHIM) Price Target to GBX 5,700

RHI Magnesita (LON:RHIM) had its price target dropped by stock analysts at Berenberg Bank from GBX 5,740 ($75.00) to GBX 5,700 ($74.48) in a research report issued to clients and investors on Tuesday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 29.84% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Numis Securities reiterated a “hold” rating on shares of RHI Magnesita in a research report on Thursday, May 30th. Peel Hunt reiterated a “buy” rating on shares of RHI Magnesita in a research report on Monday, August 12th. Finally, Barclays reiterated an “overweight” rating and set a GBX 6,040 ($78.92) price objective on shares of RHI Magnesita in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 5,997.50 ($78.37).

RHI Magnesita stock opened at GBX 4,390 ($57.36) on Tuesday. The stock has a market cap of $2.17 billion and a PE ratio of 56.87. The stock has a 50-day moving average price of GBX 4,469.96 and a 200 day moving average price of GBX 4,611.23. RHI Magnesita has a 52 week low of GBX 3,240 ($42.34) and a 52 week high of GBX 5,115 ($66.84). The company has a current ratio of 1.52, a quick ratio of 0.88 and a debt-to-equity ratio of 137.45.

RHI Magnesita Company Profile

RHI Magnesita N.V. produces and sells refractory products used in high-temperature industrial processes worldwide. The company operates through Steel and Industrial segments. It offers solutions for various furnaces, domes and deltas, ladles, AOD converters, valves and valve seats, caps and plugs, isostatic refractory products, tundish materials, and slide gate refractories and systems.

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Analyst Recommendations for RHI Magnesita (LON:RHIM)

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