Berenberg Bank Forecasts Strong Price Appreciation for Vesuvius (LON:VSVS) Stock

Vesuvius (LON:VSVS) had its price objective boosted by Berenberg Bank from GBX 450 to GBX 550 in a research note issued on Wednesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 20.40% from the company’s current price.

Several other research firms have also weighed in on VSVS. Jefferies Financial Group dropped their target price on shares of Vesuvius from GBX 520 to GBX 480 and set a “buy” rating on the stock in a report on Tuesday, August 18th. Peel Hunt reiterated a “buy” rating and issued a GBX 525 target price on shares of Vesuvius in a research note on Monday, July 27th. JPMorgan Chase & Co. reduced their price target on Vesuvius from GBX 440 to GBX 400 and set a “neutral” rating for the company in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 440 price target on shares of Vesuvius in a research report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 479.

Vesuvius Price Performance

Shares of VSVS opened at GBX 456.80 on Wednesday. The company has a current ratio of 2.05, a quick ratio of 1.20 and a debt-to-equity ratio of 56.90. The company’s fifty day simple moving average is GBX 387.03 and its 200 day simple moving average is GBX 422.35. Vesuvius has a 1-year low of GBX 350 and a 1-year high of GBX 507.50. The company has a market cap of £1.12 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 0.57 and a beta of 1.13.

Vesuvius (LON:VSVS) last announced its quarterly earnings results on Thursday, July 30th. The company reported GBX 16.30 EPS for the quarter. Vesuvius had a net margin of 2.09% and a return on equity of 3.36%. On average, research analysts forecast that Vesuvius will post 51.3945695 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vesuvius news, insider Mark Collis sold 5,306 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of GBX 377, for a total transaction of £20,003.62. Also, insider Patrick André sold 55,936 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of GBX 368, for a total value of £205,844.48. Corporate insiders own 25.00% of the company’s stock.

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.