RHI Magnesita (LON:RHIM) Given Buy Rating at Berenberg Bank

RHI Magnesita (LON:RHIM)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research note issued on Wednesday, MarketBeat Ratings reports. They currently have a GBX 4,000 target price on the stock. Berenberg Bank’s price objective suggests a potential upside of 40.35% from the stock’s current price.

RHI Magnesita Trading Down 6.6%

RHI Magnesita stock opened at GBX 2,850 on Wednesday. The firm has a market capitalization of £1.35 billion, a PE ratio of 16.10, a PEG ratio of 2.03 and a beta of 1.50. The business’s 50-day simple moving average is GBX 2,869.90 and its 200-day simple moving average is GBX 2,776.88. The company has a debt-to-equity ratio of 169.57, a quick ratio of 0.93 and a current ratio of 1.48. RHI Magnesita has a 52 week low of GBX 1,932 and a 52 week high of GBX 3,350.

About RHI Magnesita

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.