RHI Magnesita (LON:RHIM) Shares Climb 1% – Still a Buy?

Shares of RHI Magnesita (LON:RHIM) were up 1% during trading on Wednesday. The stock traded as high as GBX 2,700 and last traded at GBX 2,645. Approximately 1,196,783 shares traded hands during trading, an increase of 1,050% from the average session volume of 104,099 shares. The stock had previously closed at GBX 2,620.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 4,000 target price on shares of RHI Magnesita in a report on Wednesday, September 30th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,453.75.

RHI Magnesita Stock Up 0.8%

The firm’s 50-day moving average price is GBX 2,825.80 and its 200-day moving average price is GBX 2,819.19. The company has a debt-to-equity ratio of 169.57, a current ratio of 1.48 and a quick ratio of 0.93. The company has a market cap of £1.21 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 2.03 and a beta of 1.50.

About RHI Magnesita

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.