RHI Magnesita (LON:RHIM) Earns “Buy” Rating from Peel Hunt

RHI Magnesita (LON:RHIM)‘s stock had its “buy” rating restated by Peel Hunt in a report released on Monday, ThisIsMoney.Co.Uk reports.

RHIM has been the subject of several other research reports. Barclays reissued an “overweight” rating and set a GBX 4,300 ($56.19) price objective on shares of RHI Magnesita in a research report on Friday, November 1st. Berenberg Bank lowered their price objective on shares of RHI Magnesita from GBX 5,740 ($75.00) to GBX 5,700 ($74.48) and set a “buy” rating for the company in a research report on Tuesday, August 20th. Peel Hunt reissued a “buy” rating and set a GBX 7,000 ($91.47) price objective on shares of RHI Magnesita in a research report on Friday, September 27th. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of RHI Magnesita in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. RHI Magnesita currently has an average rating of “Buy” and a consensus price target of GBX 5,630 ($73.57).

Shares of RHIM stock opened at GBX 3,740 ($48.87) on Monday. The firm has a fifty day moving average of GBX 3,765.68 and a 200-day moving average of GBX 4,401.14. The company has a quick ratio of 0.88, a current ratio of 1.52 and a debt-to-equity ratio of 137.45. RHI Magnesita has a 12-month low of GBX 3,134.04 ($40.95) and a 12-month high of GBX 5,020 ($65.60). The company has a market capitalization of $1.84 billion and a price-to-earnings ratio of 48.45.

In other RHI Magnesita news, insider Stefan Borgas bought 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average price of GBX 3,452 ($45.11) per share, with a total value of £93,204 ($121,787.53).

About RHI Magnesita

RHI Magnesita N.V. produces and sells refractory products used in high-temperature industrial processes worldwide. The company operates through Steel and Industrial 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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