RHI Magnesita (LON:RHIM) Earns Buy Rating from Berenberg Bank

RHI Magnesita (LON:RHIM)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a research report issued on Wednesday, September 30th, MarketBeat.com reports. They currently have a GBX 4,000 price objective on the stock. Berenberg Bank’s target price points to a potential upside of 40.35% from the company’s previous close.

RHI Magnesita Price Performance

RHI Magnesita stock traded up GBX 5 during trading hours on Wednesday, hitting GBX 2,850. 10,346 shares of the company traded hands, compared to its average volume of 101,318. RHI Magnesita has a 1-year low of GBX 1,932 and a 1-year high of GBX 3,350. The firm has a market cap of £1.35 billion, a P/E ratio of 12.50, a P/E/G ratio of 2.03 and a beta of 1.50. The firm’s 50-day simple moving average is GBX 2,871.01 and its two-hundred day simple moving average is GBX 2,785.27. The company has a quick ratio of 0.93, a current ratio of 1.48 and a debt-to-equity ratio of 169.57.

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.