Vesuvius (LON:VSVS) Trading Down 9.8% After Analyst Downgrade

Vesuvius plc (LON:VSVS - Get Free Report)'s share price dropped 9.8% during mid-day trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 470 to GBX 430. Berenberg Bank currently has a buy rating on the stock. Vesuvius traded as low as GBX 322.53 ($4.33) and last traded at GBX 349.80 ($4.70). Approximately 4,095,487 shares traded hands during trading, an increase of 348% from the average daily volume of 913,244 shares. The stock had previously closed at GBX 387.80 ($5.21).

Separately, JPMorgan Chase & Co. dropped their price target on Vesuvius from GBX 380 ($5.11) to GBX 330 ($4.43) and set a "neutral" rating on the stock in a research report on Friday.

Vesuvius Trading Down 0.3%

The stock has a market capitalization of £904.58 million, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 0.57 and a beta of 1.20. The company has a current ratio of 1.57, a quick ratio of 1.20 and a debt-to-equity ratio of 41.62. The stock's fifty day moving average price is GBX 375.54 and its two-hundred day moving average price is GBX 379.17.

Vesuvius Company Profile

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.