Jefferies Financial Group Reiterates Hold Rating for RHI Magnesita (LON:RHIM)

Key Points

• RHI Magnesita's stock rating was reaffirmed as "hold" by analysts at Jefferies Financial Group, with a target price of GBX 2,885 ($38.11), suggesting a potential upside of 23.69%.
• Royal Bank of Canada reduced its target price from GBX 3,200 ($42.27) to GBX 3,000 ($39.63), while Berenberg Bank lowered their price objective from GBX 4,400 ($58.12) to GBX 4,000 ($52.84) and maintained a "buy" rating.
• RHI Magnesita's current stock price opened at GBX 2,332.50 ($30.81), with a twelve-month trading range between GBX 2,310 ($30.52) and GBX 3,885 ($51.32).

RHI Magnesita (LON:RHIM - Get Free Report)'s stock had its "hold" rating reiterated by investment analysts at Jefferies Financial Group in a research note issued on Thursday, MarketBeat reports. They currently have a GBX 2,885 ($38.34) price target on the stock. Jefferies Financial Group's target price points to a potential upside of 27.37% from the stock's previous close.

A number of other analysts also recently issued reports on the stock. Berenberg Bank lowered their price objective on shares of RHI Magnesita from GBX 4,400 ($58.48) to GBX 4,000 ($53.16) and set a "buy" rating on the stock in a report on Wednesday, July 30th. Royal Bank Of Canada lowered their target price on shares of RHI Magnesita from GBX 3,200 ($42.53) to GBX 3,000 ($39.87) and set a "sector perform" rating on the stock in a report on Thursday, July 31st.

RHI Magnesita Trading Down 1.1%

Shares of LON:RHIM traded down GBX 25 ($0.33) during mid-day trading on Thursday, reaching GBX 2,265 ($30.10). The stock had a trading volume of 15,237 shares, compared to its average volume of 42,656. The company has a current ratio of 1.91, a quick ratio of 0.93 and a debt-to-equity ratio of 152.96. RHI Magnesita has a twelve month low of GBX 2,245 ($29.84) and a twelve month high of GBX 3,885 ($51.63). The firm has a market cap of £1.29 billion, a PE ratio of 7.10, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The firm has a 50 day simple moving average of GBX 2,865.68 and a two-hundred day simple moving average of GBX 3,132.87.

RHI Magnesita Company Profile

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with around 22,000 employees in 47 main production sites, 9 recycling facilities and more than 70 sales offices.