Vesuvius’ (VSVS) “Hold” Rating Reaffirmed at Deutsche Bank

Deutsche Bank reissued their hold rating on shares of Vesuvius (LON:VSVS) in a report released on Wednesday. The firm currently has a GBX 605 ($8.55) price objective on the stock.

VSVS has been the topic of several other research reports. Jefferies Group reiterated a buy rating on shares of Vesuvius in a research note on Monday, December 18th. Numis Securities reiterated a buy rating and issued a GBX 700 ($9.89) price objective on shares of Vesuvius in a research note on Wednesday, February 14th. Goldman Sachs reiterated a neutral rating on shares of Vesuvius in a research note on Wednesday, April 4th. BNP Paribas upgraded Vesuvius to an outperform rating and dropped their price objective for the company from GBX 675 ($9.54) to GBX 650 ($9.19) in a research note on Thursday, April 5th. Finally, HSBC reiterated a hold rating and issued a GBX 675 ($9.54) price objective on shares of Vesuvius in a research note on Wednesday, March 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 670.42 ($9.48).

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Vesuvius stock opened at GBX 568 ($8.03) on Wednesday. Vesuvius has a 12 month low of GBX 503.50 ($7.12) and a 12 month high of GBX 643.50 ($9.10).

Vesuvius (LON:VSVS) last posted its quarterly earnings data on Thursday, March 1st. The company reported GBX 40.70 ($0.58) EPS for the quarter, beating the consensus estimate of GBX 38.10 ($0.54) by GBX 2.60 ($0.04). The firm had revenue of GBX 168.39 billion during the quarter.

The business also recently announced a dividend, which will be paid on Friday, May 25th. Shareholders of record on Thursday, April 12th will be given a dividend of GBX 12.50 ($0.18) per share. The ex-dividend date is Thursday, April 12th. This represents a dividend yield of 2%. This is an increase from Vesuvius’s previous dividend of $5.50.

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About Vesuvius

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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