Vesuvius (LON:VSVS) Stock Price Target Raised at Berenberg Bank

Vesuvius (LON:VSVS) had its price objective lifted by Berenberg Bank from GBX 450 to GBX 550 in a research note published on Wednesday morning, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

A number of other research firms have also recently commented on VSVS. Jefferies Financial Group cut their target price on Vesuvius from GBX 520 to GBX 480 and set a “buy” rating on the stock in a research note on Tuesday, August 18th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 525 price target on shares of Vesuvius in a research report on Monday, July 27th. JPMorgan Chase & Co. dropped their price target on shares of Vesuvius from GBX 440 to GBX 400 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 440 price objective on shares of Vesuvius in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 479.

Vesuvius Stock Up 1.2%

Shares of Vesuvius stock opened at GBX 472.80 on Wednesday. Vesuvius has a 1 year low of GBX 350 and a 1 year high of GBX 507.50. The firm has a market cap of £1.16 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 0.57 and a beta of 1.13. The company has a 50-day moving average of GBX 386.92 and a 200 day moving average of GBX 422.12. The company has a debt-to-equity ratio of 56.90, a current ratio of 2.05 and a quick ratio of 1.20.

Vesuvius (LON:VSVS) last posted its quarterly earnings results on Thursday, July 30th. The company reported GBX 16.30 earnings per share for the quarter. Vesuvius had a return on equity of 3.36% and a net margin of 2.09%. As a group, sell-side analysts anticipate that Vesuvius will post 51.3945695 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Vesuvius news, insider Patrick André sold 55,936 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of GBX 368, for a total transaction of £205,844.48. Corporate insiders own 25.00% of the company’s stock.

More Vesuvius News

Here are the key news stories impacting Vesuvius this week:

• Positive Sentiment: RHI Magnesita has made a revised takeover proposal valuing Vesuvius at 551 pence per share. Vesuvius said its board is engaging with RHI Magnesita, although the proposal does not yet guarantee a binding offer or completed acquisition. Vesuvius stock tracks a 551p takeover proposal from RHI RHI Magnesita proposed acquisition
• Positive Sentiment: The takeover approach triggered a sharp rally in Vesuvius shares after the company confirmed discussions with RHI Magnesita, as investors priced in the possibility of a cash exit at a premium. Vesuvius Shares Rise After Takeover Proposal Vesuvius Shares Surge After Takeover Approach
• Positive Sentiment: Berenberg raised its Vesuvius price target from 450p to 550p and upgraded the stock to “buy,” broadly aligning its valuation with the reported takeover proposal and adding support from sell-side analysts.
• Neutral Sentiment: The key uncertainty is whether RHI Magnesita will submit a firm offer and whether Vesuvius’s board and shareholders will accept it. Until then, the shares may remain sensitive to takeover speculation and regulatory or execution risks. Vesuvius Board in Talks With RHI Magnesita

About Vesuvius

We are a global leader in metal flow engineering, providing a full range of engineering services and solutions to its customers worldwide, principally serving the steel and foundry industries.