RHI Magnesita’s (RHIM) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of RHI Magnesita (LON:RHIM) in a report published on Wednesday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 4,000 price target on the stock.

RHI Magnesita Stock Down 6.6%

Shares of LON RHIM opened at GBX 2,850 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 0.93 and a debt-to-equity ratio of 169.57. RHI Magnesita has a 12 month low of GBX 1,932 and a 12 month high of GBX 3,350. The firm has a market capitalization of £1.35 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 2.03 and a beta of 1.50. The firm has a fifty day simple moving average of GBX 2,869.90 and a two-hundred day simple moving average of GBX 2,776.88.

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.