RHI Magnesita’s (RHIM) Buy Rating Reiterated at Peel Hunt

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Peel Hunt restated their buy rating on shares of RHI Magnesita (LON:RHIM) in a research note released on Monday morning.

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).

In related news, insider Stefan Borgas sold 2,300 shares of RHI Magnesita stock in a transaction dated Monday, November 26th. The shares were sold at an average price of GBX 3,398 ($44.40), for a total value of £78,154 ($102,122.04).

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.

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Analyst Recommendations for RHI Magnesita (LON:RHIM)

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