RHI Magnesita (LON:RHIM) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

RHI Magnesita (LON:RHIM)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a GBX 4,000 price objective on the stock. Berenberg Bank’s price target points to a potential upside of 40.35% from the stock’s current price.

RHI Magnesita Trading Down 6.6%

RHIM opened at GBX 2,850 on Wednesday. The business has a 50 day simple moving average of GBX 2,869.90 and a two-hundred day simple moving average of GBX 2,776.88. The firm has a market capitalization of £1.35 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 2.03 and a beta of 1.50. The company has a debt-to-equity ratio of 169.57, a current ratio of 1.48 and a quick ratio of 0.93. RHI Magnesita has a one year low of GBX 1,932 and a one year high of GBX 3,350.

RHI Magnesita Company Profile

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with over 20,000 employees in 65 main production sites (including raw material sites), 12 recycling facilities and more than 70 sales offices.