RHI Magnesita’s (RHIM) Overweight Rating Reiterated at Barclays

Barclays restated their overweight rating on shares of RHI Magnesita (LON:RHIM) in a report released on Tuesday, Digital Look reports. The firm currently has a GBX 6,040 ($78.92) target price on the stock.

Other equities research analysts have also issued reports about the company. Berenberg Bank upped their price objective on RHI Magnesita from GBX 5,620 ($73.44) to GBX 5,740 ($75.00) and gave the company a buy rating in a research note on Monday, July 22nd. Peel Hunt reiterated a buy rating on shares of RHI Magnesita in a research note on Monday. Finally, Numis Securities reiterated a hold rating on shares of RHI Magnesita in a research note on Thursday, May 30th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of GBX 6,007.50 ($78.50).

LON:RHIM opened at GBX 4,166 ($54.44) on Tuesday. RHI Magnesita has a 1 year low of GBX 3,240 ($42.34) and a 1 year high of GBX 5,115 ($66.84). The stock has a market capitalization of $2.06 billion and a price-to-earnings ratio of 53.96. The stock has a fifty day moving average price of GBX 4,539.48 and a two-hundred day moving average price of GBX 4,618.26. The company has a debt-to-equity ratio of 137.45, a quick ratio of 0.88 and a current ratio of 1.52.

About RHI Magnesita

RHI Magnesita N.V. produces and sells refractory products used in high-temperature industrial processes worldwide. The company operates through Steel and Industrial segments. It offers solutions for various furnaces, domes and deltas, ladles, AOD converters, valves and valve seats, caps and plugs, isostatic refractory products, tundish materials, and slide gate refractories and systems.

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Analyst Recommendations for RHI Magnesita (LON:RHIM)

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