RHI Magnesita (LON:RHIM) Stock Price Up 0.7% – Should You Buy?

RHI Magnesita (LON:RHIM) rose 0.7% on Wednesday . The stock traded as high as GBX 2,805 and last traded at GBX 2,750. Approximately 118,997 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 122,546 shares. The stock had previously closed at GBX 2,730.

Analyst Ratings Changes

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

RHI Magnesita Price Performance

The stock has a market cap of £1.38 billion, a PE ratio of 16.50, a P/E/G ratio of 2.03 and a beta of 1.51. The company has a debt-to-equity ratio of 180.59, a current ratio of 1.46 and a quick ratio of 0.93. The business has a fifty day moving average of GBX 2,721.32 and a 200 day moving average of GBX 2,719.15.

RHI Magnesita Company Profile

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.