RHI Magnesita (LON:RHIM) Hits New 12-Month Low - Time to Sell?

Key Points

• RHI Magnesita's stock price reached a new 52-week low at GBX 2,210 ($29.68), reflecting a decline from a previous close of GBX 2,235 ($30.02).
• Several analysts have revised their target prices for RHI Magnesita, with Jefferies maintaining a "hold" rating at GBX 2,885 ($38.75), while Berenberg and Royal Bank of Canada lowered theirs significantly.
• The company, a leading supplier of high-grade refractory products, has a market capitalization of £1.26 billion and notable financial metrics, including a debt-to-equity ratio of 152.96.

RHI Magnesita (LON:RHIM - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The company traded as low as GBX 2,210 ($29.68) and last traded at GBX 2,225 ($29.89), with a volume of 175616 shares traded. The stock had previously closed at GBX 2,235 ($30.02).

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RHIM shares. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 2,885 ($38.75) target price on shares of RHI Magnesita in a research report on Thursday, July 31st. Berenberg Bank lowered their target price on RHI Magnesita from GBX 4,400 ($59.10) to GBX 4,000 ($53.73) and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada lowered their target price on RHI Magnesita from GBX 3,200 ($42.98) to GBX 3,000 ($40.30) and set a "sector perform" rating on the stock in a research report on Thursday, July 31st.

RHI Magnesita Price Performance

The company has a debt-to-equity ratio of 152.96, a quick ratio of 0.93 and a current ratio of 1.91. The stock has a market capitalization of £1.26 billion, a P/E ratio of 6.98, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The firm has a 50-day moving average price of GBX 2,806.38 and a 200 day moving average price of GBX 3,090.80.

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.

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