RHI Magnesita (LON:RHIM)‘s stock had its “buy” rating restated by analysts at Kepler Capital Markets in a report issued on Monday, November 12th.
Several other brokerages also recently issued reports on RHIM. Berenberg Bank began coverage on shares of RHI Magnesita in a research note on Thursday, October 4th. They issued a “buy” rating and a GBX 6,170 ($80.62) price objective for the company. Peel Hunt began coverage on shares of RHI Magnesita in a research note on Thursday, October 11th. They issued a “buy” rating and a GBX 6,500 ($84.93) price objective for the company. Finally, Barclays reissued an “overweight” rating on shares of RHI Magnesita in a research note on Tuesday, November 6th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. RHI Magnesita currently has an average rating of “Buy” and a consensus target price of GBX 5,494 ($71.79).
Shares of LON:RHIM traded up GBX 30 ($0.39) during trading on Monday, reaching GBX 3,556 ($46.47). The company’s stock had a trading volume of 110,525 shares, compared to its average volume of 59,028. RHI Magnesita has a 12 month low of GBX 2,198.56 ($28.73) and a 12 month high of GBX 4,627 ($60.46).
In other news, insider Stefan Borgas sold 2,300 shares of RHI Magnesita stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of GBX 3,398 ($44.40), for a total transaction 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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