Deutsche Bank Raises Vesuvius (VSVS) Price Target to GBX 605

Vesuvius (LON:VSVS) had its target price hoisted by Deutsche Bank from GBX 550 ($7.40) to GBX 605 ($8.14) in a research report released on Monday morning. They currently have a hold rating on the stock.

Other analysts have also issued reports about the company. Peel Hunt reiterated a buy rating and issued a GBX 740 ($9.96) price objective on shares of Vesuvius in a research report on Tuesday, October 31st. reiterated a buy rating and issued a GBX 730 ($9.83) price objective on shares of Vesuvius in a research report on Tuesday, November 14th. Jefferies Group lifted their price objective on Vesuvius from GBX 666 ($8.96) to GBX 680 ($9.15) and gave the stock a buy rating in a research report on Thursday, November 30th. Barclays assumed coverage on Vesuvius in a research report on Friday, December 1st. They issued an underweight rating and a GBX 500 ($6.73) price objective for the company. Finally, J P Morgan Chase & Co lifted their price objective on 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of GBX 645 ($8.68).

Vesuvius (VSVS) opened at GBX 542 ($7.29) on Monday. Vesuvius has a twelve month low of GBX 390.80 ($5.26) and a twelve month high of GBX 633 ($8.52).

In related news, insider Guy Young bought 5,454 shares of Vesuvius stock in a transaction on Friday, December 1st. The shares were purchased at an average price 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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