JPMorgan Chase & Co. Has Lowered Expectations for Vesuvius (LON:VSVS) Stock Price

Key Points

• JPMorgan Chase & Co. has reduced the price target for Vesuvius (LON:VSVS) from GBX 380 to GBX 330, suggesting a potential downside of 6.88%.
• Vesuvius shares opened at GBX 354.40 and recorded a 3.3% decline in stock price on the day of the report.
• The company, a leader in metal flow engineering, serves primarily the steel and foundry industries and has a market cap of £906.12 million.

Vesuvius (LON:VSVS - Free Report) had its target price cut by JPMorgan Chase & Co. from GBX 380 ($5.08) to GBX 330 ($4.41) in a report issued on Friday, MarketBeat.com reports. They currently have a neutral rating on the stock.

Vesuvius Trading Down 0.2%

LON:VSVS traded down GBX 0.60 ($0.01) during trading hours on Friday, hitting GBX 353.20 ($4.72). The company had a trading volume of 240,706 shares, compared to its average volume of 879,099. The company has a current ratio of 1.57, a quick ratio of 1.20 and a debt-to-equity ratio of 41.62. The company has a 50-day moving average of GBX 375.25 and a 200 day moving average of GBX 378.83. The company has a market cap of £903.05 million, a P/E ratio of 9.13, a P/E/G ratio of 0.57 and a beta of 1.20. Vesuvius has a 1 year low of GBX 310.80 ($4.15) and a 1 year high of GBX 485 ($6.48).

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.