RHI Magnesita (LON:RHIM) Price Target Cut to GBX 3,000 by Analysts at Royal Bank Of Canada

Key Points

• Royal Bank Of Canada has lowered its price target for RHI Magnesita from GBX 3,200 to GBX 3,000, reflecting a potential upside of 21.46% from the current stock price.
• The stock currently trades at GBX 2,470, with a market cap of £1.40 billion and a PE ratio of 7.74.
• RHI Magnesita is a leading global supplier of high-grade refractory products, crucial for industries like steel and cement, employing approximately 22,000 people across 47 production sites.

RHI Magnesita (LON:RHIM - Get Free Report) had its price target decreased by investment analysts at Royal Bank Of Canada from GBX 3,200 ($43.03) to GBX 3,000 ($40.34) in a report issued on Thursday, July 31st, Marketbeat reports. The brokerage presently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 35.14% from the company's previous close.

RHI Magnesita Stock Down 0.4%

Shares of RHIM stock traded down GBX 10 ($0.13) during trading hours on Thursday, hitting GBX 2,220 ($29.85). 27,912 shares of the company were exchanged, compared to its average volume of 42,396. 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 business's 50-day simple moving average is GBX 2,829.08 and its two-hundred day simple moving average is GBX 3,112.21. RHI Magnesita has a one year low of GBX 2,215 ($29.79) and a one year high of GBX 3,885 ($52.25). The stock has a market capitalization of £1.26 billion, a price-to-earnings ratio of 6.96, a P/E/G ratio of 2.03 and a beta of 1.53.

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.