RHI Magnesita (LON:RHIM) Stock Price Up 3.1% – What’s Next?

RHI Magnesita (LON:RHIM)’s share price traded up 3.1% during mid-day trading on Wednesday . The company traded as high as GBX 3,060 and last traded at GBX 3,025. 11,898 shares were traded during trading, a decline of 90% from the average session volume of 121,920 shares. The stock had previously closed at GBX 2,935.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,765 price objective 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 3,453.75.

RHI Magnesita Trading Up 0.2%

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 company’s 50-day moving average price is GBX 2,849.26 and its 200-day moving average price is GBX 2,772.14. The firm has a market capitalization of £1.38 billion, a PE ratio of 16.41, a PEG ratio of 2.03 and a beta of 1.51.

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.