Jefferies Financial Group Issues Pessimistic Forecast for Vesuvius (LON:VSVS) Stock Price

Key Points

• Jefferies lowered Vesuvius’s price target from GBX 520 to GBX 480 while maintaining a “buy” rating, implying 22.51% upside from the reported GBX 391.80 share price.
• Analyst sentiment remains positive overall, with three “buy” ratings and two “hold” ratings producing a “Moderate Buy” consensus and an average target of GBX 459.
• Vesuvius reported quarterly EPS of GBX 16.30, but profitability was modest, with a 2.09% net margin and 3.36% return on equity. Insider Patrick André also sold 55,936 shares for approximately £205,844.

Vesuvius (LON:VSVS - Get Free Report) had its price target lowered by stock analysts at Jefferies Financial Group from GBX 520 to GBX 480 in a report issued on Tuesday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's price objective would indicate a potential upside of 22.51% from the stock's current price.

A number of other research analysts have also recently commented on the company. Berenberg Bank dropped their price target on Vesuvius from GBX 520 to GBX 450 and set a "buy" rating for the company in a research note on Wednesday, August 5th. Peel Hunt restated a "buy" rating and set a GBX 525 price objective on shares of Vesuvius in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 440 target price on shares of Vesuvius in a report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. dropped their target price on Vesuvius from GBX 440 to GBX 400 and set a "neutral" rating for the company in a research report on Friday, July 31st. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 459.

Vesuvius Price Performance

LON:VSVS opened at GBX 391.80 on Tuesday. Vesuvius has a 52 week low of GBX 350 and a 52 week high of GBX 507.50. The company has a debt-to-equity ratio of 56.90, a quick ratio of 1.20 and a current ratio of 2.05. The firm's 50-day simple moving average is GBX 432.89 and its 200 day simple moving average is GBX 441.63. The firm has a market cap of £964.60 million, a price-to-earnings ratio of 25.44, a P/E/G ratio of 0.57 and a beta of 1.13.

Vesuvius (LON:VSVS - Get Free Report) last issued its earnings results 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, sell-side analysts predict that Vesuvius will post 51.3945695 earnings per share for the current year.

Insider Buying and Selling at Vesuvius

In related news, insider Patrick André sold 55,936 shares of the firm'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. Company insiders own 25.00% of the company's stock.

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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