RHI Magnesita (LON:RHIM) Shares Up 3.1% – Should You Buy?

Shares of RHI Magnesita (LON:RHIM) were up 3.1% during mid-day trading on Wednesday . The company traded as high as GBX 3,060 and last traded at GBX 3,025. 11,898 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 121,920 shares. The stock had previously closed at GBX 2,935.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “hold” rating and set a GBX 2,765 price target on shares of RHI Magnesita in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, RHI Magnesita has an average rating of “Moderate Buy” and a consensus price target of GBX 3,453.75.

RHI Magnesita Stock Up 3.1%

The firm’s 50 day moving average price is GBX 2,845.59 and its two-hundred day moving average price is GBX 2,770.76. The firm has a market capitalization of £1.43 billion, a PE ratio of 17.09, a P/E/G ratio of 2.03 and a beta of 1.51. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 180.59.

RHI Magnesita Company Profile

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 over 20,000 employees in 65 main production sites (including raw material sites), 12 recycling facilities and more than 70 sales offices.