RHI Magnesita (LON:RHIM)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a report released on Monday, November 12th.
Several other equities research analysts have also commented on the stock. Berenberg Bank began coverage on shares of RHI Magnesita in a report on Thursday, October 4th. They issued a “buy” rating and a GBX 6,170 ($80.62) price target for the company. Barclays reissued an “overweight” rating on shares of RHI Magnesita in a report on Tuesday, November 6th. Finally, Kepler Capital Markets reissued a “buy” rating on shares of RHI Magnesita in a report on Tuesday, November 6th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 5,494 ($71.79).
LON RHIM traded up GBX 30 ($0.39) on Monday, hitting GBX 3,556 ($46.47). 110,525 shares of the company’s stock traded hands, compared to its average volume of 59,028. 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 other RHI Magnesita news, insider Stefan Borgas sold 2,300 shares of the company’s 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).
About RHI Magnesita
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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