RHI Magnesita NV (LON:RHIM) Receives Consensus Rating of “Buy” from Analysts

Shares of RHI Magnesita NV (LON:RHIM) have been given a consensus recommendation of “Buy” by the six ratings firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have covered the stock in the last year is GBX 4,100 ($50.46).

Several analysts have recently commented on RHIM shares. Peel Hunt restated a “buy” rating on shares of RHI Magnesita in a report on Wednesday, July 1st. Berenberg Bank reaffirmed a “buy” rating on shares of RHI Magnesita in a research note on Friday, May 15th. Finally, Barclays cut their price target on RHI Magnesita from GBX 4,200 ($51.69) to GBX 4,100 ($50.46) and set an “overweight” rating on the stock in a research note on Thursday, July 2nd.

Shares of RHIM stock traded down GBX 62 ($0.76) during trading hours on Tuesday, hitting GBX 2,424 ($29.83). 23,532 shares of the company’s stock were exchanged, compared to its average volume of 59,028. The stock’s 50-day moving average is GBX 2,519.84 and its 200-day moving average is GBX 2,597.74. The company has a debt-to-equity ratio of 133.98, a current ratio of 1.85 and a quick ratio of 1.11. The stock has a market cap of $1.19 billion and a price-to-earnings ratio of 31.40. RHI Magnesita has a 52 week low of GBX 24.12 ($0.30) and a 52 week high of GBX 4,674 ($57.52).

About RHI Magnesita

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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