RHI Magnesita (LON:RHIM) Shares Down 3.3%

RHI Magnesita (LON:RHIM)’s stock price was down 3.3% during mid-day trading on Thursday . The stock traded as low as GBX 3,510 ($43.35) and last traded at GBX 3,510 ($43.35). Approximately 14,117 shares traded hands during trading, a decline of 9% from the average daily volume of 15,478 shares. The stock had previously closed at GBX 3,630 ($44.84).

Analyst Ratings Changes

Several research analysts have issued reports on RHIM shares. Barclays restated an “overweight” rating and set a GBX 3,800 ($46.94) target price on shares of RHI Magnesita in a research report on Thursday, February 29th. Royal Bank of Canada boosted their target price on RHI Magnesita from GBX 3,400 ($42.00) to GBX 4,000 ($49.41) and gave the company a “sector perform” rating in a research report on Thursday, February 29th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 4,300 ($53.11) price target on shares of RHI Magnesita in a report on Wednesday, April 3rd.

RHI Magnesita Stock Down 0.1 %

The company has a market cap of £1.65 billion, a P/E ratio of 1,196.25, a P/E/G ratio of 2.03 and a beta of 1.55. The company has a quick ratio of 0.93, a current ratio of 2.23 and a debt-to-equity ratio of 148.23. The business’s 50 day moving average is GBX 3,498.90 and its 200 day moving average is GBX 3,224.10.

RHI Magnesita Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given a dividend of €1.25 ($1.33) per share. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from RHI Magnesita’s previous dividend of $0.55. This represents a dividend yield of 2.91%. RHI Magnesita’s dividend payout ratio is presently 5,290.10%.

About RHI Magnesita

RHI Magnesita N.V., together with its subsidiaries, develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide. It offers magnesia spinel, dolomite, dolomite-magnesia, magnesia-chrome, alumina, alumina silicate, and mortars for the cement industry; shaped products based on silicon carbide, magnesia, zirconium, fireclay, and alumina; unshaped refractories; high-temperature insulation, and ceramic and metallic anchoring systems; induction and electric arc furnaces, AOD converters, dome and delta, ladles, isostatically pressed and tundish products, and slide gates.