RHI Magnesita (LON:RHIM) Trading Up 1.1% – Here’s Why

RHI Magnesita (LON:RHIM)’s share price was up 1.1% during trading on Friday . The stock traded as high as GBX 2,820 and last traded at GBX 2,800. Approximately 593,159 shares changed hands during trading, an increase of 424% from the average session volume of 113,130 shares. The stock had previously closed at GBX 2,770.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “hold” rating and issued a GBX 2,765 price target on shares of RHI Magnesita in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 3,271.67.

RHI Magnesita Price Performance

The stock has a market cap of £1.33 billion, a PE ratio of 15.82, a P/E/G ratio of 2.03 and a beta of 1.51. The company has a current ratio of 1.48, a quick ratio of 0.93 and a debt-to-equity ratio of 169.57. The company’s 50 day moving average is GBX 2,888.94 and its 200-day moving average is GBX 2,800.25.

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.