RHI Magnesita (LON:RHIM) Trading Up 0.7% – Here’s What Happened

Shares of RHI Magnesita (LON:RHIM) traded up 0.7% on Wednesday . The company traded as high as GBX 2,805 and last traded at GBX 2,750. 118,997 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 122,546 shares. The stock had previously closed at GBX 2,730.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and issued a GBX 2,765 price target on shares of RHI Magnesita in a research report on Wednesday, April 29th. Royal Bank Of Canada reiterated a “buy” rating and issued a GBX 2,850 price target on shares of RHI Magnesita in a research report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, RHI Magnesita has an average rating of “Moderate Buy” and an average target price of GBX 3,453.75.

RHI Magnesita Stock Up 0.7%

The firm’s 50-day moving average price is GBX 2,711.72 and its 200 day moving average price is GBX 2,716.40. The firm has a market capitalization of £1.30 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 2.03 and a beta of 1.51. The company has a debt-to-equity ratio of 180.59, a current ratio of 1.46 and a quick ratio of 0.93.

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.