RHI Magnesita (LON:RHIM) Trading Up 3.1% – What’s Next?

by · The Markets Daily

RHI Magnesita (LON:RHIM – Get Free Report)’s share price rose 3.1% during trading on Wednesday . The company traded as high as GBX 3,060 and last traded at GBX 3,025. 11,898 shares were traded during mid-day trading, a decline of 90% from the average session volume of 121,920 shares. The stock had previously closed at GBX 2,935.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “hold” rating and set a GBX 2,765 target price on shares of RHI Magnesita in a report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, RHI Magnesita presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,453.75.

Check Out Our Latest Stock Analysis on RHIM

RHI Magnesita Stock Performance

The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 180.59. The firm has a market cap of £1.43 billion, a PE ratio of 17.09, a P/E/G ratio of 2.03 and a beta of 1.51. The stock’s 50 day moving average price is GBX 2,845.59 and its 200 day moving average price is GBX 2,770.76.

About RHI Magnesita

(Get Free Report)

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.

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