RHI Magnesita (LON:RHIM) Shares Up 2.1% – Here’s Why

RHI Magnesita (LON:RHIM)’s share price was up 2.1% during mid-day trading on Wednesday . The company traded as high as GBX 2,765 and last traded at GBX 2,735. Approximately 770,119 shares were traded during trading, an increase of 597% from the average daily volume of 110,432 shares. The stock had previously closed at GBX 2,680.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on RHIM shares. Jefferies Financial Group reiterated a “hold” rating and set a GBX 2,765 target price on shares of RHI Magnesita in a research report on Wednesday, April 29th. Royal Bank Of Canada reiterated a “buy” rating and set a GBX 2,850 target price on shares of RHI Magnesita in a research report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, RHI Magnesita has an average rating of “Moderate Buy” and an average price target of GBX 3,453.75.

RHI Magnesita Stock Up 2.1%

The company has a debt-to-equity ratio of 180.59, a quick ratio of 0.93 and a current ratio of 1.46. The stock has a market cap of £1.29 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 2.03 and a beta of 1.49. The firm’s 50-day simple moving average is GBX 2,581.30 and its two-hundred day simple moving average is GBX 2,654.13.

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.