RHI Magnesita (LON:RHIM) Hits New 12-Month High at $3,820.00

RHI Magnesita (LON:RHIM - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 3,820 ($47.99) and last traded at GBX 3,800 ($47.74), with a volume of 2456 shares. The stock had previously closed at GBX 3,765 ($47.30).

Analysts Set New Price Targets

RHIM has been the topic of several recent analyst reports. Berenberg Bank reissued a "buy" rating and set a GBX 4,300 ($54.02) price target on shares of RHI Magnesita in a research report on Wednesday, April 3rd. Barclays restated an "overweight" rating and set a GBX 3,800 ($47.74) price target on shares of RHI Magnesita in a report on Thursday, February 29th. Finally, Royal Bank of Canada upped their price objective on shares of RHI Magnesita from GBX 3,400 ($42.71) to GBX 4,000 ($50.25) and gave the company a "sector perform" rating in a research note on Thursday, February 29th.

RHI Magnesita Price Performance

The firm has a market cap of £1.78 billion, a price-to-earnings ratio of 1,296.23, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The company has a current ratio of 2.23, a quick ratio of 0.93 and a debt-to-equity ratio of 148.23. The company's 50-day moving average is GBX 3,524.38 and its 200-day moving average is GBX 3,282.28.

RHI Magnesita Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be given a €1.25 ($1.34) dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a yield of 2.91%. This is a positive change from RHI Magnesita's previous dividend of $0.55. RHI Magnesita's dividend payout ratio (DPR) is currently 5,308.22%.

RHI Magnesita Company Profile

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; high-temperature insulation, and ceramic and metallic anchoring systems; induction and electric arc furnaces, AOD converters, dome and delta, ladles, isostatically pressed and tundish products, and slide gates.