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

RHI Magnesita (LON:RHIM)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research note issued on Wednesday, MarketBeat reports. They currently have a GBX 4,000 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 32.45% from the stock’s previous close.

RHI Magnesita Price Performance

RHI Magnesita stock opened at GBX 3,020 on Wednesday. The company’s 50 day simple moving average is GBX 2,871.50 and its 200-day simple moving average is GBX 2,776.36. The company has a market capitalization of £1.43 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 2.03 and a beta of 1.50. RHI Magnesita has a 1 year low of GBX 1,932 and a 1 year high of GBX 3,350. The company has a debt-to-equity ratio of 169.57, a quick ratio of 0.93 and a current ratio of 1.48.

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.