RHI Magnesita (LON:RHIM) Given Average Recommendation of “Buy” by Brokerages

Shares of RHI Magnesita (LON:RHIMGet Rating) have been given a consensus rating of “Buy” by the six research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 4,183.33 ($51.58).

RHIM has been the subject of a number of analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 4,000 ($49.32) price objective on shares of RHI Magnesita in a research note on Thursday, April 14th. Barclays reduced their price objective on shares of RHI Magnesita from GBX 3,840 ($47.34) to GBX 3,100 ($38.22) and set an “overweight” rating for the company in a research note on Wednesday, March 30th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 3,300 ($40.69) target price on shares of RHI Magnesita in a research note on Wednesday, April 13th.

RHIM stock traded up GBX 44 ($0.54) during trading hours on Friday, hitting GBX 2,410 ($29.71). The company’s stock had a trading volume of 38,894 shares, compared to its average volume of 42,536. The company has a quick ratio of 0.97, a current ratio of 1.79 and a debt-to-equity ratio of 195.11. The company has a market capitalization of £1.13 billion and a PE ratio of 5.59. RHI Magnesita has a 12 month low of GBX 2,182 ($26.90) and a 12 month high of GBX 4,748 ($58.54). The stock has a 50 day moving average price of GBX 2,457.56 and a two-hundred day moving average price of GBX 2,980.19.

The business also recently disclosed a dividend, which will be paid on Tuesday, June 14th. Shareholders of record on Thursday, May 26th will be issued a dividend of €1.00 ($1.05) per share. The ex-dividend date is Thursday, May 26th. This represents a yield of 2.79%. This is a positive change from RHI Magnesita’s previous dividend of $0.50. RHI Magnesita’s dividend payout ratio is currently 0.35%.

RHI Magnesita Company Profile (Get Rating)

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; and high-temperature insulation, and ceramic and metallic anchoring systems.

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Analyst Recommendations for RHI Magnesita (LON:RHIM)

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