Jefferies Group Reaffirms “Buy” Rating for Vesuvius (VSVS)
VSVS has been the topic of a number of other reports. Barclays began coverage on Vesuvius in a research report on Friday, December 1st. They set an underweight rating and a GBX 500 ($6.73) target price on the stock. J P Morgan Chase & Co lifted their target price on Vesuvius from GBX 710 ($9.56) to GBX 730 ($9.83) and gave the stock an overweight rating in a research report on Wednesday, November 15th. Peel Hunt reissued a buy rating and set a GBX 740 ($9.96) target price on shares of Vesuvius in a research report on Tuesday, October 31st. reissued a buy rating and set a GBX 730 ($9.83) target price on shares of Vesuvius in a research report on Tuesday, November 14th. Finally, Deutsche Bank lifted their target price on Vesuvius from GBX 550 ($7.40) to GBX 605 ($8.14) and gave the stock a hold rating in a research report on Monday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 648.50 ($8.73).
Vesuvius (LON:VSVS) opened at GBX 568.50 ($7.65) on Monday. Vesuvius has a 12 month low of GBX 390.80 ($5.26) and a 12 month high of GBX 643.50 ($8.66).
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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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