Berenberg Bank Reaffirms Buy Rating for RHI Magnesita (LON:RHIM)

RHI Magnesita (LON:RHIM)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a report issued on Wednesday, Marketbeat reports. They presently have a GBX 4,000 target price on the stock. Berenberg Bank’s target price points to a potential upside of 40.35% from the stock’s previous close.

RHI Magnesita Price Performance

LON RHIM traded down GBX 200 during mid-day trading on Wednesday, hitting GBX 2,850. The stock had a trading volume of 43,743 shares, compared to its average volume of 102,622. The company has a debt-to-equity ratio of 169.57, a current ratio of 1.48 and a quick ratio of 0.93. The stock 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 firm’s 50 day moving average is GBX 2,869.90 and its 200 day moving average is GBX 2,776.88. RHI Magnesita has a twelve month low of GBX 1,932 and a twelve month 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.