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

RHI Magnesita (LON:RHIM)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a note issued to investors on Wednesday, MarketBeat reports. They presently have a GBX 4,000 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 40.35% from the stock’s current price.

RHI Magnesita Stock Down 6.6%

Shares of LON:RHIM opened at GBX 2,850 on Wednesday. The firm has a market cap of £1.35 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 2.03 and a beta of 1.50. The company has a fifty day simple moving average of GBX 2,869.90 and a 200 day simple moving average of GBX 2,776.88. The company has a current ratio of 1.48, a quick ratio of 0.93 and a debt-to-equity ratio of 169.57. RHI Magnesita has a 12-month low of GBX 1,932 and a 12-month high of GBX 3,350.

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.