Deutsche Bank Reiterates “Hold” Rating for Vesuvius (VSVS)

Vesuvius (LON:VSVS)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a research report issued to clients and investors on Monday, ThisIsMoney.Co.Uk reports.

Several other research analysts have also commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Vesuvius in a report on Friday, February 15th. Goldman Sachs Group decreased their price target on shares of Vesuvius from GBX 640 ($8.36) to GBX 600 ($7.84) and set a “neutral” rating for the company in a report on Tuesday, January 8th. Berenberg Bank lifted their price target on shares of Vesuvius from GBX 615 ($8.04) to GBX 660 ($8.62) and gave the company a “hold” rating in a report on Tuesday, March 5th. HSBC raised shares of Vesuvius to a “buy” rating and lifted their price target for the company from GBX 675 ($8.82) to GBX 725 ($9.47) in a report on Friday, March 1st. Finally, Morgan Stanley lifted their price target on shares of Vesuvius from GBX 660 ($8.62) to GBX 670 ($8.75) and gave the company an “equal weight” rating in a report on Monday, January 14th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 686.67 ($8.97).

LON VSVS opened at GBX 642 ($8.39) on Monday. Vesuvius has a one year low of GBX 469.40 ($6.13) and a one year high of GBX 663 ($8.66). The company has a quick ratio of 1.73, a current ratio of 2.35 and a debt-to-equity ratio of 41.51. The stock has a market capitalization of $1.72 billion and a PE ratio of 12.59.

Vesuvius (LON:VSVS) last posted its quarterly earnings results on Thursday, February 28th. The company reported GBX 49.60 ($0.65) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 47.50 ($0.62) by GBX 2.10 ($0.03). Equities analysts forecast that Vesuvius will post 4866.9998396707 EPS for the current year.

In other Vesuvius news, insider Guy Young sold 60,629 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of GBX 613 ($8.01), for a total transaction of £371,655.77 ($485,634.09).

Vesuvius Company Profile

Vesuvius plc provides engineering services and solutions principally 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 the iron, steel, and nonferrous foundries.

Read More: Growth Stocks

Analyst Recommendations for Vesuvius (LON:VSVS)

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