Vesuvius (LON:VSVS) Shares Down 12.8% – Here’s What Happened

Vesuvius plc (LON:VSVS)’s share price dropped 12.8% during mid-day trading on Monday . The company traded as low as GBX 389.40 and last traded at GBX 394. Approximately 3,481,256 shares were traded during mid-day trading, an increase of 132% from the average daily volume of 1,501,870 shares. The stock had previously closed at GBX 452.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Peel Hunt restated a “buy” rating and set a GBX 525 price objective on shares of Vesuvius in a research report on Monday. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 520 target price on shares of Vesuvius in a research report on Monday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 473.75.

Vesuvius Stock Down 12.8%

The firm’s fifty day simple moving average is GBX 455.68 and its two-hundred day simple moving average is GBX 446.95. The company has a current ratio of 2.35, a quick ratio of 1.20 and a debt-to-equity ratio of 57.10. The company has a market capitalization of £970.02 million, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15.

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.