Analysts Set Vesuvius PLC (VSVS) Price Target at $677.00

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Shares of Vesuvius PLC (LON:VSVS) have earned a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 677 ($8.85).

Several brokerages have recently weighed in on VSVS. Numis Securities reiterated a “buy” rating on shares of Vesuvius in a research note on Thursday, July 26th. Berenberg Bank began coverage on shares of Vesuvius in a research note on Thursday, October 4th. They set a “hold” rating and a GBX 660 ($8.62) target price for the company. Deutsche Bank increased their target price on shares of Vesuvius from GBX 605 ($7.91) to GBX 665 ($8.69) and gave the stock a “hold” rating in a research note on Tuesday, July 31st. Peel Hunt reiterated a “buy” rating on shares of Vesuvius in a research note on Thursday, July 26th. Finally, Jefferies Financial Group raised their price objective on shares of Vesuvius from GBX 725 ($9.47) to GBX 740 ($9.67) and gave the company a “buy” rating in a research report on Thursday, July 19th.

Shares of VSVS traded down GBX 11.50 ($0.15) during mid-day trading on Thursday, hitting GBX 530.50 ($6.93). 269,400 shares of the company’s stock were exchanged, compared to its average volume of 586,670. Vesuvius has a fifty-two week low of GBX 503.50 ($6.58) and a fifty-two week high of GBX 643.50 ($8.41).

Vesuvius (LON:VSVS) last announced its earnings results on Thursday, July 26th. The company reported GBX 25.40 ($0.33) earnings per share for the quarter, topping the consensus estimate of GBX 24.70 ($0.32) by GBX 0.70 ($0.01).

About Vesuvius

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.

Further Reading: Cash Flow

Analyst Recommendations for Vesuvius (LON:VSVS)

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