RHI Magnesita (LON:RHIM) Sets New 52-Week Low - What's Next?

Key Points

• RHI Magnesita (LON:RHIM) has reached a new 52-week low, trading at GBX 1,980 ($26.38) on Wednesday.
• Recent analyst ratings include a "hold" from Jefferies Financial Group with a price objective of GBX 2,885, while Berenberg Bank has reduced its target from GBX 4,400 to GBX 4,000, maintaining a "buy" rating.
• The company has a market capitalization of £938.77 million and a price-to-earnings ratio of 2,025.14, with an overall consensus rating of "Hold" and a target price of GBX 3,295.

RHI Magnesita (LON:RHIM - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 1,980 ($26.38) and last traded at GBX 1,985.99 ($26.46), with a volume of 21925 shares traded. The stock had previously closed at GBX 2,020 ($26.91).

Analyst Upgrades and Downgrades

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

RHI Magnesita Stock Performance

The business has a 50-day moving average price of GBX 2,115.98 and a 200-day moving average price of GBX 2,643.59. The firm has a market capitalization of £938.77 million, a price-to-earnings ratio of 2,025.14, a P/E/G ratio of 2.03 and a beta of 1.53. The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 152.96.

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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