JPMorgan Chase & Co. reiterated their neutral rating on shares of Vesuvius (LON:VSVS – Free Report) in a report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has a GBX 460 ($5.68) price target on the stock.
A number of other analysts have also weighed in on VSVS. Jefferies Financial Group restated a buy rating and issued a GBX 675 ($8.34) target price on shares of Vesuvius in a research note on Thursday, February 29th. Berenberg Bank raised their target price on Vesuvius from GBX 480 ($5.93) to GBX 580 ($7.16) and gave the stock a buy rating in a report on Tuesday, March 5th.
Get Our Latest Stock Report on VSVS
Vesuvius Stock Performance
Vesuvius Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, April 18th will be given a dividend of GBX 16.20 ($0.20) per share. This is a positive change from Vesuvius’s previous dividend of $6.80. The ex-dividend date is Thursday, April 18th. This represents a dividend yield of 3.33%. Vesuvius’s payout ratio is 5,227.27%.
Insiders Place Their Bets
In related news, insider Patrick André sold 66,184 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of GBX 484 ($5.98), for a total transaction of £320,330.56 ($395,665.22). In related news, insider Patrick André sold 66,184 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of GBX 484 ($5.98), for a total transaction of £320,330.56 ($395,665.22). Also, insider Mark Collis bought 8,228 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were acquired at an average cost of GBX 484 ($5.98) per share, for a total transaction of £39,823.52 ($49,189.13). Insiders own 1.34% of the company’s stock.
About Vesuvius
Vesuvius plc provides molten metal flow engineering and technology services to steel and foundry casting industries worldwide. It operates through Flow Control, Sensor & Probes, and Advanced Refractories segments. The company provides consumables and equipment, which includes binders, coatings, feeding systems, filtration and gating systems, melt shop refractories, metallurgical and pouring control systems, die dressings and coatings, melt treatment products, crucibles, and ceramics for the iron, steel, and nonferrous foundries.
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