RHI Magnesita (LON:RHIM) Hits New 52-Week Low - Should You Sell?

Key Points

• RHI Magnesita shares reached a new 52-week low of GBX 2,165 ($29.19) during trading, closing last at GBX 2,195 ($29.59), reflecting a significant decline in stock value.
• Analysts have downgraded their price targets for RHI Magnesita, with Berenberg Bank reducing its target from GBX 4,400 to GBX 4,000 and Royal Bank of Canada lowering it from GBX 3,200 to GBX 3,000.
• The stock currently has a consensus rating of "Hold" with a target price of GBX 3,295, as concerns persist regarding the company's financial metrics including a high debt-to-equity ratio of 152.96.

RHI Magnesita (LON:RHIM - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 2,165 ($29.19) and last traded at GBX 2,195 ($29.59), with a volume of 61845 shares changing hands. The stock had previously closed at GBX 2,240 ($30.20).

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on RHIM shares. Berenberg Bank dropped their price objective on shares of RHI Magnesita from GBX 4,400 to GBX 4,000 and set a "buy" rating for the company in a report on Wednesday, July 30th. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 2,885 price target on shares of RHI Magnesita in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada lowered their price target on shares of RHI Magnesita from GBX 3,200 to GBX 3,000 and set a "sector perform" rating on the stock in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, RHI Magnesita currently has a consensus rating of "Hold" and a consensus target price of GBX 3,295.

RHI Magnesita Stock Performance

The stock's 50-day moving average is GBX 2,669.97 and its 200-day moving average is GBX 2,995.50. The stock has a market cap of £1.24 billion, a price-to-earnings ratio of 6.83, a P/E/G ratio of 2.03 and a beta of 1.53. The company has a current ratio of 1.91, a quick ratio of 0.93 and a debt-to-equity ratio of 152.96.

About RHI Magnesita

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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