RHI Magnesita (LON:RHIM) Shares Up 0% - Still a Buy?

Key Points

• RHI Magnesita shares were essentially unchanged on Thursday (0% change), last at GBX 2,650.39 after trading as high as GBX 2,695, with volume up about 60% to 177,211 shares.
• Analysts remain constructive: Royal Bank of Canada reissued a Buy with a GBX 2,850 target, and the consensus rating is "Moderate Buy" with an average price target of GBX 3,483.75.
• The company has a market cap of £1.25bn and a P/E of 14.97, but carries high leverage (debt-to-equity ~180.6) with modest liquidity (current ratio 1.46, quick ratio 0.93).

RHI Magnesita (LON:RHIM - Get Free Report)'s stock price rose 0% during trading on Thursday . The stock traded as high as GBX 2,695 and last traded at GBX 2,650.39. Approximately 177,211 shares were traded during mid-day trading, an increase of 60% from the average daily volume of 110,989 shares. The stock had previously closed at GBX 2,650.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reissued a "buy" rating and issued a GBX 2,850 price target on shares of RHI Magnesita in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 3,483.75.

RHI Magnesita Price Performance

The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 180.59. The company has a market capitalization of £1.25 billion, a P/E ratio of 14.97, a P/E/G ratio of 2.03 and a beta of 1.48. The business's fifty day moving average price is GBX 2,721.49 and its 200-day moving average price is GBX 2,545.26.

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 over 20,000 employees in 65 main production sites (including raw material sites), 12 recycling facilities and more than 70 sales offices.

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