RHI Magnesita (LON:RHIM) Price Target Cut to GBX 4,150

RHI Magnesita (LON:RHIM) had its price objective decreased by Berenberg Bank from GBX 4,300 ($55.61) to GBX 4,150 ($53.67) in a report published on Thursday morning, MarketBeat reports. Berenberg Bank currently has a buy rating on the stock.

RHI Magnesita Stock Up 2.8 %

RHI Magnesita stock opened at GBX 3,645 ($47.14) on Thursday. RHI Magnesita has a fifty-two week low of GBX 2,456 ($31.76) and a fifty-two week high of GBX 3,827.49 ($49.50). The company has a debt-to-equity ratio of 148.23, a quick ratio of 0.93 and a current ratio of 2.23. The firm has a 50 day moving average price of GBX 3,450.09 and a 200 day moving average price of GBX 3,485.35. The company has a market capitalization of £1.72 billion, a PE ratio of 1,252.58, a price-to-earnings-growth ratio of 2.03 and a beta of 1.51.

RHI Magnesita Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be issued a €0.60 ($0.65) dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a yield of 1.38%. RHI Magnesita’s dividend payout ratio (DPR) is presently 5,326.46%.

RHI Magnesita Company Profile

RHI Magnesita N.V., together with its subsidiaries, develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide. It offers magnesia spinel, dolomite, dolomite-magnesia, magnesia-chrome, alumina, alumina silicate, and mortars for the cement industry; shaped products based on silicon carbide, magnesia, zirconium, fireclay, and alumina; unshaped refractories; high-temperature insulation, and ceramic and metallic anchoring systems; induction and electric arc furnaces, AOD converters, dome and delta, ladles, isostatically pressed and tundish products, and slide gates.