JPMorgan Chase & Co. Issues Pessimistic Forecast for Vesuvius (LON:VSVS) Stock Price

Vesuvius (LON:VSVS – Get Free Report) had its target price dropped by JPMorgan Chase & Co. from GBX 440 to GBX 400 in a report issued on Friday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 7.70% from the stock’s previous close.

Several other analysts have also weighed in on VSVS. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 520 price objective on shares of Vesuvius in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 440 target price on shares of Vesuvius in a research note on Tuesday. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 525 price target on shares of Vesuvius in a research note on Monday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 469.

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Vesuvius Trading Up 1.8%

Shares of VSVS stock traded up GBX 6.60 during mid-day trading on Friday, hitting GBX 371.40. The company’s stock had a trading volume of 618,047 shares, compared to its average volume of 1,527,867. The company’s fifty day simple moving average is GBX 450.59 and its 200-day simple moving average is GBX 445.80. Vesuvius has a 52 week low of GBX 346.60 and a 52 week high of GBX 507.50. The company has a debt-to-equity ratio of 57.10, a quick ratio of 1.20 and a current ratio of 2.35. The company has a market cap of £914.38 million, a PE ratio of 17.77, a P/E/G ratio of 0.57 and a beta of 1.15.

Vesuvius (LON:VSVS – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported GBX 16.30 EPS for the quarter. Vesuvius had a return on equity of 4.75% and a net margin of 2.88%. As a group, equities research analysts expect that Vesuvius will post 51.3945695 earnings per share for the current fiscal year.

Vesuvius Company Profile

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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.

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