Vesuvius Plc (VSVS) Earns “Buy” Rating from Numis Securities Ltd
Vesuvius Plc (LON:VSVS)‘s stock had its “buy” rating reissued by Numis Securities Ltd in a research report issued to clients and investors on Tuesday. They presently have a GBX 730 ($9.60) price target on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 23.94% from the company’s previous close.
A number of other brokerages have also weighed in on VSVS. HSBC Holdings plc reaffirmed a “hold” rating and issued a GBX 600 ($7.89) price objective on shares of Vesuvius Plc in a report on Friday, September 29th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 550 ($7.23) price objective on shares of Vesuvius Plc in a report on Monday, August 7th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 740 ($9.73) price objective on shares of Vesuvius Plc in a report on Monday, October 9th. BNP Paribas raised Vesuvius Plc to an “outperform” rating and set a GBX 675 ($8.88) price objective on the stock in a report on Tuesday, July 18th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 710 ($9.34) price objective (up previously from GBX 620 ($8.15)) on shares of Vesuvius Plc in a report on Monday, July 24th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 643.13 ($8.46).
Shares of Vesuvius Plc (VSVS) opened at GBX 589 ($7.75) on Tuesday. Vesuvius Plc has a twelve month low of GBX 361.90 ($4.76) and a twelve month high of GBX 633 ($8.33).
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In other news, insider Guy Young sold 8,557 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of GBX 592 ($7.79), for a total transaction of £50,657.44 ($66,628.23).
About Vesuvius Plc
Vesuvius plc provides engineering services and solutions to steel and foundry industries worldwide. It operates in two segments, Steel and Foundry. The company offers foundry consumables and equipment, including binders, melt shop refractories, coatings, filtration and gating systems, metallurgical and pouring control systems, feeding systems, die dressings and coatings, melt treatment products, crucibles, and ceramics for iron, steel, and nonferrous foundries.
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