A number of other research firms also recently issued reports on RHIM. Berenberg Bank reduced their price target on shares of RHI Magnesita from GBX 6,170 ($80.62) to GBX 5,450 ($71.21) and set a buy rating on the stock in a research report on Tuesday, January 29th. Barclays restated an overweight rating on shares of RHI Magnesita in a research report on Tuesday, November 6th. Kepler Capital Markets restated a buy rating on shares of RHI Magnesita in a research report on Tuesday, November 6th. Finally, Royal Bank of Canada initiated coverage on shares of RHI Magnesita in a research report on Tuesday, November 20th. They issued an outperform rating and a GBX 5,250 ($68.60) price target on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of GBX 5,350 ($69.91).
RHI Magnesita stock opened at GBX 4,342 ($56.74) on Monday. RHI Magnesita has a 1 year low of GBX 2,198.56 ($28.73) and a 1 year high of GBX 4,627 ($60.46).
RHI Magnesita Company Profile
RHI Magnesita N.V. produces and sells refractory products used in high-temperature industrial processes worldwide. The company operates through Steel, Industrial, and Raw Materials segments. It offers solutions for various furnaces, domes and deltas, ladles, AOD converters, valves and valve seats, caps and plugs, isostatic refractory products, tundish materials, and slide gate refractories and systems.
Recommended Story: NASDAQ Stock Market Explained
Receive News & Ratings for RHI Magnesita Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RHI Magnesita and related companies with MarketBeat.com's FREE daily email newsletter.