Jefferies Group Reaffirms Buy Rating for Vesuvius (VSVS)

Vesuvius (LON:VSVS)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Group in a report issued on Monday, December 18th.

A number of other brokerages also recently issued reports on VSVS. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Vesuvius in a research report on Friday, December 8th. Numis Securities reiterated a “buy” rating and issued a GBX 700 ($9.49) price objective on shares of Vesuvius in a research report on Tuesday, December 5th. Deutsche Bank increased their price objective on Vesuvius from GBX 550 ($7.46) to GBX 605 ($8.20) and gave the stock a “hold” rating in a research report on Monday, December 4th. Barclays assumed coverage on Vesuvius in a research report on Friday, December 1st. They set an “underweight” rating and a GBX 500 ($6.78) price target on the stock. Finally, restated a “buy” rating and set a GBX 730 ($9.90) price target on shares of Vesuvius in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 648.50 ($8.79).

Shares of Vesuvius (LON VSVS) traded up GBX 6 ($0.08) during midday trading on Monday, reaching GBX 598.50 ($8.12). The company’s stock had a trading volume of 689,794 shares, compared to its average volume of 438,963. Vesuvius has a 1-year low of GBX 405.20 ($5.49) and a 1-year high of GBX 643.50 ($8.73).

In other news, insider Guy Young acquired 5,454 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average cost of GBX 550 ($7.46) per share, for a total transaction of £29,997 ($40,679.41).

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Vesuvius Company Profile

Vesuvius plc provides engineering services and solutions 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 iron, steel, and nonferrous foundries.

Analyst Recommendations for Vesuvius (LON:VSVS)

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