Barclays Begins Coverage on Vesuvius (VSVS)

Barclays initiated coverage on shares of Vesuvius (LON:VSVS) in a report released on Friday morning. The brokerage issued an underweight rating and a GBX 500 ($6.73) price target on the stock.

VSVS has been the topic of several other reports. Peel Hunt reissued a buy rating and issued a GBX 740 ($9.96) target price on shares of Vesuvius in a research report on Tuesday, November 14th. J P Morgan Chase & Co lifted their target price on shares of Vesuvius from GBX 710 ($9.56) to GBX 730 ($9.83) and gave the stock an overweight rating in a research report on Wednesday, November 15th. Numis Securities reissued a buy rating and issued a GBX 730 ($9.83) target price on shares of Vesuvius in a research report on Tuesday, November 14th. Deutsche Bank reissued a hold rating and issued a GBX 550 ($7.40) target price on shares of Vesuvius in a research report on Friday, October 13th. Finally, reissued a hold rating and issued a GBX 600 ($8.08) target price on shares of Vesuvius in a research report on Friday, September 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 648 ($8.72).

Vesuvius (VSVS) opened at GBX 549.50 ($7.40) on Friday. Vesuvius has a 52 week low of GBX 390.80 ($5.26) and a 52 week high of GBX 633 ($8.52).

In related news, insider Guy Young purchased 5,454 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average cost of GBX 550 ($7.40) per share, for a total transaction of £29,997 ($40,372.81).

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About Vesuvius

Vesuvius plc provides engineering services and solutions to steel and foundry industries worldwide. It operates in two segments, Steel and Foundry. The company offers foundry consumables and equipment, including binders, melt shop refractories, coatings, filtration and gating systems, metallurgical and pouring control systems, feeding systems, die dressings and coatings, melt treatment products, crucibles, and ceramics for iron, steel, and nonferrous foundries.

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