Vesuvius (LON:VSVS) Stock Jumps 24.7% – Here’s Why

Vesuvius plc (LON:VSVS) traded up 24.7% during trading on Tuesday. The company traded as high as GBX 494 and last traded at GBX 467. 2,487,880 shares were traded during mid-day trading, an increase of 77% from the average session volume of 1,403,461 shares. The stock had previously closed at GBX 374.40.

Analysts Set New Price Targets

Several analysts have recently issued reports on VSVS shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 440 target price on shares of Vesuvius in a research note on Tuesday, July 28th. Jefferies Financial Group cut their target price on Vesuvius from GBX 520 to GBX 480 and set a “buy” rating on the stock in a research note on Tuesday, August 18th. Peel Hunt reiterated a “buy” rating and set a GBX 525 price target on shares of Vesuvius in a report on Monday, July 27th. Berenberg Bank raised their target price on Vesuvius from GBX 450 to GBX 550 and gave the company a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Vesuvius from GBX 440 to GBX 400 and set a “neutral” rating for the company in a report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 479.

Vesuvius Stock Performance

The company has a 50-day moving average price of GBX 386.92 and a two-hundred day moving average price of GBX 422.12. The company has a market capitalization of £1.15 billion, a PE ratio of 30.35, a PEG ratio of 0.57 and a beta of 1.13. The company has a quick ratio of 1.20, a current ratio of 2.05 and a debt-to-equity ratio of 56.90.

Vesuvius (LON:VSVS) last issued its quarterly earnings data on Thursday, July 30th. The company reported GBX 16.30 EPS for the quarter. Vesuvius had a net margin of 2.09% and a return on equity of 3.36%. Analysts predict that Vesuvius plc will post 51.3945695 EPS for the current fiscal year.

Insider Activity

In related news, insider Patrick André sold 55,936 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of GBX 368, for a total transaction of £205,844.48. Insiders own 25.00% of the company’s stock.

About Vesuvius

We are a global leader in metal flow engineering, providing a full range of engineering services and solutions to its customers worldwide, principally serving the steel and foundry industries.