Vesuvius (LON:VSVS) had its price objective hoisted by JPMorgan Chase & Co. from GBX 760 ($9.93) to GBX 765 ($10.00) in a research report released on Wednesday morning. The firm currently has an overweight rating on the stock.
A number of other analysts have also recently issued reports on the company. Peel Hunt reissued a buy rating and issued a GBX 800 ($10.45) target price (up from GBX 765 ($10.00)) on shares of Vesuvius in a research report on Wednesday, August 15th. Berenberg Bank initiated coverage on Vesuvius in a research report on Thursday, October 4th. They issued a hold rating and a GBX 660 ($8.62) target price for the company. Deutsche Bank upped their target price on Vesuvius from GBX 605 ($7.91) to GBX 665 ($8.69) and gave the company a hold rating in a research report on Tuesday, July 31st. Jefferies Financial Group upped their target price on Vesuvius from GBX 725 ($9.47) to GBX 740 ($9.67) and gave the company a buy rating in a research report on Thursday, July 19th. Finally, Numis Securities reissued a buy rating on shares of Vesuvius in a research report on Thursday, July 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Vesuvius has a consensus rating of Hold and an average price target of GBX 693.75 ($9.07).
Shares of VSVS traded down GBX 21.50 ($0.28) during mid-day trading on Wednesday, reaching GBX 531.50 ($6.94). The company’s stock had a trading volume of 609,379 shares, compared to its average volume of 586,670. Vesuvius has a 12-month low of GBX 503.50 ($6.58) and a 12-month high of GBX 643.50 ($8.41).
Vesuvius Company Profile
Vesuvius plc provides engineering services and solutions principally to steel and foundry industries worldwide. It operates in two segments, Steel and Foundry. The company offers foundry consumables and equipment, including binders, melt shop refractories, coatings, filtration and gating systems, metallurgical and pouring control systems, feeding systems, die dressings and coatings, melt treatment products, crucibles, and ceramics for the iron, steel, and nonferrous foundries.
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