RHI Magnesita’s (RHIM) “Buy” Rating Reiterated at Berenberg Bank

RHI Magnesita (LON:RHIM)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a research note issued on Wednesday, MarketBeat Ratings reports. They presently have a GBX 4,000 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 38.65% from the stock’s previous close.

RHI Magnesita Stock Up 1.2%

LON:RHIM traded up GBX 35 during trading hours on Wednesday, hitting GBX 2,885. The company’s stock had a trading volume of 9,403 shares, compared to its average volume of 102,134. The stock has a market capitalization of £1.37 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 2.03 and a beta of 1.50. The stock has a fifty day moving average of GBX 2,869.90 and a 200-day moving average of GBX 2,779.43. 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 52-week low of GBX 1,932 and a 52-week high of GBX 3,350.

About RHI Magnesita

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.