RHI Magnesita’s (RHIM) “Buy” Rating Reaffirmed at Peel Hunt

RHI Magnesita (LON:RHIM)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a note issued to investors on Friday.

Other analysts have also issued reports about the company. Berenberg Bank decreased their target price on RHI Magnesita from GBX 6,170 ($80.62) to GBX 5,450 ($71.21) and set a “buy” rating for the company in a research report on Tuesday, January 29th. Royal Bank of Canada began coverage on RHI Magnesita in a report on Tuesday, November 20th. They set an “outperform” rating and a GBX 5,250 ($68.60) price objective for the company. Finally, Barclays reissued an “overweight” rating on shares of RHI Magnesita in a report on Friday, December 7th. Six analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 5,637.50 ($73.66).

Shares of RHI Magnesita stock opened at GBX 4,604 ($60.16) on Friday. RHI Magnesita has a one year low of GBX 3,240 ($42.34) and a one year high of GBX 5,350 ($69.91). The stock has a market capitalization of $2.27 billion and a P/E ratio of 59.64. The company has a debt-to-equity ratio of 136.00, a current ratio of 1.60 and a quick ratio of 0.89.

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, Industrial, and Raw Materials 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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