RHI Magnesita (LON:RHIM) Trading Up 2.1% – Still a Buy?

RHI Magnesita (LON:RHIM)’s share price was up 2.1% on Wednesday . The company traded as high as GBX 2,765 and last traded at GBX 2,735. Approximately 770,119 shares were traded during mid-day trading, an increase of 597% from the average daily volume of 110,432 shares. The stock had previously closed at GBX 2,680.

Analysts Set New Price Targets

A number of research analysts recently weighed in on RHIM shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 2,765 price target on shares of RHI Magnesita in a research note on Wednesday, April 29th. Royal Bank Of Canada reissued a “buy” rating and issued a GBX 2,850 target price on shares of RHI Magnesita in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 3,453.75.

RHI Magnesita Price Performance

The company has a debt-to-equity ratio of 180.59, a quick ratio of 0.93 and a current ratio of 1.46. The stock’s 50 day simple moving average is GBX 2,585.70 and its two-hundred day simple moving average is GBX 2,658.81. The firm has a market capitalization of £1.33 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49.

RHI Magnesita Company Profile

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.