Deutsche Bank Reaffirms Hold Rating for Vesuvius (VSVS)
Other analysts have also issued reports about the company. Peel Hunt lowered their target price on Vesuvius from GBX 800 ($10.45) to GBX 715 ($9.34) and set a buy rating on the stock in a research note on Monday, February 11th. Bank of America upgraded Vesuvius to a buy rating and set a GBX 620 ($8.10) target price on the stock in a research note on Tuesday, January 8th. Goldman Sachs Group lowered their target price on Vesuvius from GBX 660 ($8.62) to GBX 640 ($8.36) and set a neutral rating on the stock in a research note on Tuesday, December 4th. HSBC upgraded Vesuvius to a buy rating and boosted their target price for the company from GBX 675 ($8.82) to GBX 725 ($9.47) in a research note on Friday, March 1st. Finally, Berenberg Bank boosted their target price on Vesuvius from GBX 615 ($8.04) to GBX 660 ($8.62) and gave the company a hold rating in a research note on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of GBX 683.85 ($8.94).
Shares of Vesuvius stock opened at GBX 612 ($8.00) on Friday. The firm has a market cap of $1.65 billion and a P/E ratio of 12.00. Vesuvius has a 12 month low of GBX 469.40 ($6.13) and a 12 month high of GBX 663 ($8.66). The company has a debt-to-equity ratio of 41.51, a quick ratio of 1.73 and a current ratio of 2.35.
The business also recently declared a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 18th will be given a GBX 13.80 ($0.18) dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Vesuvius’s previous dividend of $6.00. This represents a dividend yield of 2.31%. Vesuvius’s payout ratio is 0.39%.
Vesuvius Company Profile
Vesuvius plc provides engineering services and solutions principally 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 the iron, steel, and nonferrous foundries.
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