Berenberg Bank Forecasts Strong Price Appreciation for Vesuvius (LON:VSVS) Stock

Key Points

• Berenberg Bank raised its price target for Vesuvius from GBX 450 to GBX 550 and maintained a “buy” rating, implying 17.92% potential upside from the prior close.
• Analyst sentiment is moderately positive overall: three analysts rate the stock a “buy” and two rate it a “hold,” producing an average target price of GBX 479.
• Vesuvius opened at GBX 466.40, with shares trading between a 12-month low of GBX 350 and high of GBX 507.50; the company recently reported quarterly EPS of GBX 16.30.

Vesuvius (LON:VSVS - Get Free Report) had its price target hoisted by stock analysts at Berenberg Bank from GBX 450 to GBX 550 in a research report issued on Wednesday, London Stock Exchange reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price objective points to a potential upside of 17.92% from the stock's previous close.

VSVS has been the topic of several other research reports. JPMorgan Chase & Co. reduced their price target on shares of Vesuvius from GBX 440 to GBX 400 and set a "neutral" rating on the stock in a research report on Friday, July 31st. Jefferies Financial Group lowered their price objective on shares of Vesuvius from GBX 520 to GBX 480 and set a "buy" rating for the company in a report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 440 price objective on shares of Vesuvius in a research report on Tuesday, July 28th. Finally, Peel Hunt reiterated a "buy" rating and set a GBX 525 target price on shares of Vesuvius in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Vesuvius presently has an average rating of "Moderate Buy" and an average target price of GBX 479.

Vesuvius Stock Performance

LON:VSVS opened at GBX 466.40 on Wednesday. The stock has a market cap of £1.15 billion, a P/E ratio of 30.29, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13. The firm's fifty day simple moving average is GBX 386.62 and its 200 day simple moving average is GBX 421.89. Vesuvius has a twelve month low of GBX 350 and a twelve month high of GBX 507.50. The company has a quick ratio of 1.20, a current ratio of 2.05 and a debt-to-equity ratio of 56.90.

Vesuvius (LON:VSVS - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported GBX 16.30 EPS for the quarter. Vesuvius had a net margin of 2.09% and a return on equity of 3.36%. As a group, research analysts predict that Vesuvius will post 51.3945695 EPS for the current year.

Insider Buying and Selling at Vesuvius

In other news, insider Patrick André sold 55,936 shares of the company's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of GBX 368, for a total value of £205,844.48. 25.00% of the stock is owned by corporate insiders.

Vesuvius Company Profile

We are a global leader in metal flow engineering, providing a full range of engineering services and solutions to its customers worldwide, principally serving the steel and foundry industries.

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