Vesuvius (LON:VSVS) Share Price Passes Below 200 Day Moving Average - What's Next?

Key Points

• Vesuvius plc shares have fallen below their two hundred day moving average, trading at GBX 350.20 ($4.65) with a low of GBX 349.40 ($4.64).
• JPMorgan Chase & Co. and Berenberg Bank have both lowered their target prices on Vesuvius shares, indicating a shift in market sentiment with a neutral and buy rating respectively.
• The company's market capitalization is approximately £895.38 million, with a P/E ratio of 9.06 and a PEG ratio of 0.57, signaling potential value in its stock amidst recent price movements.

Vesuvius plc (LON:VSVS - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 377.89 ($5.02) and traded as low as GBX 349.40 ($4.64). Vesuvius shares last traded at GBX 350.20 ($4.65), with a volume of 204,269 shares changing hands.

Wall Street Analysts Forecast Growth

VSVS has been the topic of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Vesuvius from GBX 380 ($5.04) to GBX 330 ($4.38) and set a "neutral" rating on the stock in a research report on Friday, July 25th. Berenberg Bank lowered their price target on shares of Vesuvius from GBX 470 ($6.24) to GBX 430 ($5.71) and set a "buy" rating on the stock in a report on Thursday, July 24th.

Vesuvius Stock Down 1.7%

The firm has a market capitalization of £895.38 million, a P/E ratio of 9.06, a PEG ratio of 0.57 and a beta of 1.20. The company has a debt-to-equity ratio of 41.62, a quick ratio of 1.20 and a current ratio of 1.57. The business's fifty day moving average price is GBX 374.64 and its two-hundred day moving average price is GBX 377.89.

About Vesuvius

We are a global leader in metal flow engineering, providing a full range of engineering services and solutions to its customers worldwide, principally serving the steel and foundry industries.

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