RHI Magnesita NV (LON:RHIM) has been given a consensus rating of “Buy” by the six brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 5,240 ($68.47).
A number of equities analysts have weighed in on the company. Peel Hunt assumed coverage on RHI Magnesita in a report on Thursday, October 11th. They issued a “buy” rating and a GBX 6,500 ($84.93) price target for the company. Berenberg Bank restated a “buy” rating and issued a GBX 6,170 ($80.62) price target on shares of RHI Magnesita in a report on Thursday, October 11th. Kepler Capital Markets restated a “buy” rating on shares of RHI Magnesita in a report on Tuesday, November 6th. Finally, Barclays restated an “overweight” rating on shares of RHI Magnesita in a report on Tuesday, November 6th.
Shares of LON:RHIM traded up GBX 4 ($0.05) during trading on Tuesday, reaching GBX 3,540 ($46.26). 129,038 shares of the stock were exchanged, compared to its average volume of 59,028. RHI Magnesita has a 12-month low of GBX 2,198.56 ($28.73) and a 12-month high of GBX 4,627 ($60.46).
RHI Magnesita Company Profile
RHI Magnesita N.V. produces and sells refractory products used in high-temperature industrial processes worldwide. The company operates through Steel, Industrial, and Raw Materials segments. It offers solutions for various furnaces, domes and deltas, ladles, AOD converters, valves and valve seats, caps and plugs, isostatic refractory products, tundish materials, and slide gate refractories and systems.
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