BNP Paribas upgraded shares of Vesuvius (LON:VSVS) to an outperform rating in a research report released on Thursday. BNP Paribas currently has GBX 650 ($9.12) price objective on the stock, down from their previous price objective of GBX 675 ($9.48).
Several other analysts also recently commented on VSVS. JPMorgan Chase restated an overweight rating on shares of Vesuvius in a report on Friday, December 8th. Jefferies Group restated a buy rating on shares of Vesuvius in a report on Monday, December 18th. Barclays restated an underweight rating and set a GBX 535 ($7.51) target price on shares of Vesuvius in a report on Monday, December 18th. Numis Securities restated a buy rating and set a GBX 700 ($9.83) target price on shares of Vesuvius in a report on Wednesday, February 14th. Finally, Investec raised their target price on shares of Vesuvius from GBX 580 ($8.14) to GBX 650 ($9.12) and gave the stock a hold rating in a report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. Vesuvius has an average rating of Hold and an average target price of GBX 670.42 ($9.41).
Shares of VSVS stock opened at GBX 569 ($7.99) on Thursday. Vesuvius has a 52 week low of GBX 503.50 ($7.07) and a 52 week high of GBX 643.50 ($9.03).
Vesuvius (LON:VSVS) last announced its earnings results on Thursday, March 1st. The company reported GBX 40.70 ($0.57) EPS for the quarter, topping the consensus estimate of GBX 38.10 ($0.53) by GBX 2.60 ($0.04). The company had revenue of GBX 168.39 billion for the quarter.
The firm also recently disclosed a dividend, which will be paid on Friday, May 25th. Stockholders of record on Thursday, April 12th will be issued a GBX 12.50 ($0.18) dividend. The ex-dividend date is Thursday, April 12th. This is an increase from Vesuvius’s previous dividend of $5.50. This represents a dividend yield of 2%.
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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.
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