RHI Magnesita (RHIM) Now Covered by Analysts at Peel Hunt

Stock analysts at Peel Hunt began coverage on shares of RHI Magnesita (LON:RHIM) in a research note issued on Thursday. The firm set a “buy” rating and a GBX 6,500 ($84.93) price target on the stock. Peel Hunt’s price objective indicates a potential upside of 63.15% from the stock’s current price.

Separately, Berenberg Bank initiated coverage on shares of RHI Magnesita in a research report on Thursday, October 4th. They issued a “buy” rating and a GBX 6,170 ($80.62) price objective on the stock.

Shares of LON RHIM opened at GBX 3,984 ($52.06) on Thursday. RHI Magnesita has a 12-month low of GBX 2,198.56 ($28.73) and a 12-month high of GBX 4,627 ($60.46).

About RHI Magnesita

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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