Vesuvius (VSVS) Given Buy Rating at Peel Hunt

Peel Hunt restated their buy rating on shares of Vesuvius (LON:VSVS) in a research note issued to investors on Wednesday morning, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Vesuvius from GBX 765 ($10.00) to GBX 683 ($8.92) and set an overweight rating on the stock in a research report on Wednesday. Deutsche Bank restated a hold rating on shares of Vesuvius in a research report on Monday, April 15th. Berenberg Bank boosted their price target on Vesuvius from GBX 615 ($8.04) to GBX 660 ($8.62) and gave the company a hold rating in a research report on Tuesday, March 5th. Goldman Sachs Group boosted their price target on Vesuvius from GBX 600 ($7.84) to GBX 620 ($8.10) and gave the company a neutral rating in a research report on Monday, March 4th. Finally, Royal Bank of Canada restated an outperform rating and issued a GBX 700 ($9.15) price target on shares of Vesuvius in a research report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of GBX 675.80 ($8.83).

Shares of VSVS stock opened at GBX 540 ($7.06) on Wednesday. The stock has a market capitalization of $1.45 billion and a P/E ratio of 10.59. Vesuvius has a 52-week low of GBX 469.40 ($6.13) and a 52-week high of GBX 663 ($8.66). The company has a debt-to-equity ratio of 41.51, a quick ratio of 1.68 and a current ratio of 2.35.

Vesuvius (LON:VSVS) last issued its quarterly earnings results on Thursday, February 28th. The company reported GBX 49.60 ($0.65) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 47.50 ($0.62) by GBX 2.10 ($0.03). As a group, equities research analysts forecast that Vesuvius will post 4866.99978576311 EPS for the current fiscal year.

The firm also recently disclosed a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 18th will be issued a GBX 13.80 ($0.18) dividend. This represents a yield of 2.31%. The ex-dividend date is Thursday, April 18th. This is a positive change from Vesuvius’s previous dividend of $6.00. Vesuvius’s payout ratio is currently 0.39%.

In other Vesuvius news, insider Guy Young sold 60,629 shares of Vesuvius stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of GBX 613 ($8.01), for a total value of £371,655.77 ($485,634.09).

About Vesuvius

Vesuvius plc provides engineering services and solutions principally to steel and foundry industries worldwide. It operates in two segments, Steel and Foundry. The company offers foundry consumables and equipment, including binders, melt shop refractories, coatings, filtration and gating systems, metallurgical and pouring control systems, feeding systems, die dressings and coatings, melt treatment products, crucibles, and ceramics for the iron, steel, and nonferrous foundries.

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Analyst Recommendations for Vesuvius (LON:VSVS)

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