Royal Bank Of Canada Reaffirms Buy Rating for RHI Magnesita (LON:RHIM)

Key Points

• Royal Bank of Canada reaffirmed a Buy rating on RHI Magnesita with a GBX 2,850 price target (implying ~5.95% upside), while Peel Hunt also reiterated Buy at GBX 4,200; consensus is 3 Buys and 1 Hold with an average target of GBX 3,483.75 and an overall "Moderate Buy" rating.
• The stock traded at GBX 2,690 (down GBX 90) on the latest session, with a market cap of £1.27bn and a P/E of 27.45, and a 52‑week range of GBX 1,932–3,885.
• RHI Magnesita is a global leader in refractory products with ~22,000 employees and vertical integration, but investors should note its high leverage (debt‑to‑equity 180.59) and tight liquidity (quick ratio 0.93).

RHI Magnesita (LON:RHIM - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday, MarketBeat reports. They currently have a GBX 2,850 price objective on the stock. Royal Bank Of Canada's price target would indicate a potential upside of 5.95% from the stock's previous close.

Separately, Peel Hunt reiterated a "buy" rating and set a GBX 4,200 price target on shares of RHI Magnesita in a report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 3,483.75.

RHI Magnesita Stock Performance

LON RHIM traded down GBX 90 on Thursday, hitting GBX 2,690. 17,442 shares of the stock were exchanged, compared to its average volume of 41,350. The company has a market capitalization of £1.27 billion, a PE ratio of 27.45, a P/E/G ratio of 2.03 and a beta of 1.29. The company has a debt-to-equity ratio of 180.59, a current ratio of 1.46 and a quick ratio of 0.93. The business's fifty day moving average is GBX 2,888.70 and its 200 day moving average is GBX 2,467.65. RHI Magnesita has a 52 week low of GBX 1,932 and a 52 week high of GBX 3,885.

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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