Vesuvius’ (VSVS) Hold Rating Reaffirmed at Deutsche Bank
Deutsche Bank restated their hold rating on shares of Vesuvius (LON:VSVS) in a research note released on Monday, ThisIsMoney.Co.Uk reports.
Several other analysts also recently weighed in on VSVS. Goldman Sachs Group reduced their target price on Vesuvius from GBX 640 ($8.36) to GBX 600 ($7.84) and set a neutral rating for the company in a report on Tuesday, January 8th. Bank of America raised Vesuvius to a buy rating and set a GBX 620 ($8.10) target price for the company in a report on Tuesday, January 8th. Morgan Stanley boosted their target price on Vesuvius from GBX 660 ($8.62) to GBX 670 ($8.75) and gave the company an equal weight rating in a report on Monday, January 14th. Peel Hunt dropped their price target on Vesuvius from GBX 800 ($10.45) to GBX 715 ($9.34) and set a buy rating on the stock in a research report on Monday, February 11th. Finally, Royal Bank of Canada restated an outperform rating on shares of Vesuvius in a research report on Friday, February 15th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of GBX 686.67 ($8.97).
Vesuvius stock opened at GBX 637.92 ($8.34) on Monday. Vesuvius has a fifty-two week low of GBX 469.40 ($6.13) and a fifty-two week high of GBX 663 ($8.66). The company has a quick ratio of 1.73, a current ratio of 2.35 and a debt-to-equity ratio of 41.51. The stock has a market capitalization of $1.72 billion and a PE ratio of 12.51.
The business also recently declared a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 18th will be given a GBX 13.80 ($0.18) dividend. This represents a yield of 2.31%. The ex-dividend date is Thursday, April 18th. This is a boost from Vesuvius’s previous dividend of $6.00. Vesuvius’s payout ratio is 0.39%.
In related news, insider Guy Young sold 60,629 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of GBX 613 ($8.01), for a total value of £371,655.77 ($485,634.09).
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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