RHI Magnesita (LON:RHIM) Stock Price Up 1.1% – Should You Buy?

RHI Magnesita (LON:RHIM)’s stock price shot up 1.1% during trading on Wednesday . The company traded as high as GBX 2,800 and last traded at GBX 2,764.79. Approximately 30,134 shares were traded during trading, a decline of 78% from the average daily volume of 135,217 shares. The stock had previously closed at GBX 2,735.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RHIM. Royal Bank Of Canada restated a “buy” rating and issued a GBX 2,850 price objective 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 target price on shares of RHI Magnesita in a report on Wednesday, April 29th. Three 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.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 3,453.75.

RHI Magnesita Price Performance

The firm has a fifty day moving average price of GBX 2,807.32 and a two-hundred day moving average price of GBX 2,756.22. The stock has a market capitalization of £1.31 billion, a P/E ratio of 15.62, a PEG ratio of 2.03 and a beta of 1.51. The company has a debt-to-equity ratio of 180.59, a quick ratio of 0.93 and a current ratio of 1.46.

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.