RHI Magnesita (LON:RHIM) Shares Up 1.6% – Still a Buy?

RHI Magnesita (LON:RHIM) was up 1.6% during mid-day trading on Monday . The stock traded as high as GBX 2,815 and last traded at GBX 2,815. Approximately 13,087 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 30,630 shares. The stock had previously closed at GBX 2,770.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt restated a “buy” rating and set a GBX 4,200 price target on shares of RHI Magnesita in a research report on Monday, November 10th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,521.25.

RHI Magnesita Trading Up 1.6%

The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 152.96. The firm has a market capitalization of £1.33 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The firm’s 50-day simple moving average is GBX 2,668.99 and its 200-day simple moving average is GBX 2,382.94.

About RHI Magnesita

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with around 22,000 employees in 47 main production sites, 9 recycling facilities and more than 70 sales offices.