RHI Magnesita (LON:RHIM) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

RHI Magnesita (LON:RHIM)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They currently have a GBX 4,000 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 31.15% from the stock’s current price.

RHI Magnesita Trading Down 1.8%

RHIM opened at GBX 3,050 on Wednesday. The company has a debt-to-equity ratio of 169.57, a quick ratio of 0.93 and a current ratio of 1.48. The stock’s 50 day moving average price is GBX 2,871.50 and its 200-day moving average price is GBX 2,776.36. RHI Magnesita has a one year low of GBX 1,932 and a one year high of GBX 3,350. The stock has a market cap of £1.44 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 2.03 and a beta of 1.50.

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.