Goldman Sachs Group Trims Vesuvius (LON:VSVS) Target Price to GBX 600

Vesuvius (LON:VSVS) had its price target reduced by Goldman Sachs Group from GBX 620 ($8.10) to GBX 600 ($7.84) in a research report sent to investors on Wednesday, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.

A number of other brokerages have also recently weighed in on VSVS. Numis Securities reiterated a buy rating and set a GBX 1,800 ($23.52) price target on shares of in a research report on Monday, June 3rd. Deutsche Bank reiterated a buy rating and set a $18.00 price target on shares of STMicroelectronics in a research report on Monday, April 15th. Royal Bank of Canada initiated coverage on shares of Avantor in a research report on Tuesday, June 11th. They set an outperform rating and a $22.00 price target for the company. JPMorgan Chase & Co. reiterated a neutral rating on shares of Anglo American in a research report on Wednesday, May 15th. Finally, Peel Hunt reiterated a buy rating on shares of Lookers in a research report on Monday, July 8th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of GBX 673.80 ($8.80).

Shares of VSVS opened at GBX 518.50 ($6.78) on Wednesday. Vesuvius has a 1-year low of GBX 469.40 ($6.13) and a 1-year high of GBX 663 ($8.66). The firm has a market capitalization of $1.41 billion and a PE ratio of 10.17. The company’s 50-day moving average is GBX 525.52. The company has a current ratio of 2.35, a quick ratio of 1.68 and a debt-to-equity ratio of 41.51.

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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