RHI Magnesita’s (RHIM) Buy Rating Reiterated at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of RHI Magnesita (LON:RHIM) in a report issued on Monday.

RHIM has been the subject of several other research reports. Barclays reissued an overweight rating on shares of RHI Magnesita in a research report on Tuesday, November 6th. Kepler Capital Markets reissued a buy rating on shares of RHI Magnesita in a research report on Monday, November 12th. Berenberg Bank dropped their price objective on shares of RHI Magnesita from GBX 6,170 ($80.62) to GBX 5,450 ($71.21) and set a buy rating for the company in a research report on Tuesday, January 29th. Finally, Royal Bank of Canada started coverage on shares of RHI Magnesita in a research report on Tuesday, November 20th. They issued an outperform rating and a GBX 5,250 ($68.60) price objective for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. RHI Magnesita has a consensus rating of Buy and a consensus target price of GBX 5,350 ($69.91).

RHI Magnesita stock opened at GBX 4,342 ($56.74) on Monday. RHI Magnesita has a 52-week low of GBX 2,198.56 ($28.73) and a 52-week high of GBX 4,627 ($60.46).

In other news, insider Stefan Borgas sold 2,300 shares of the stock in a transaction on 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.

Further Reading: Why is the LIBOR significant?

Analyst Recommendations for RHI Magnesita (LON:RHIM)

Receive News & Ratings for RHI Magnesita Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RHI Magnesita and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit