RHI Magnesita NV (RHIM) Given Consensus Rating of “Buy” by Brokerages

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Shares of RHI Magnesita NV (LON:RHIM) have earned an average rating of “Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 5,062.50 ($66.15).

RHIM has been the topic of a number of research analyst reports. Royal Bank of Canada initiated coverage on shares of RHI Magnesita in a report on Tuesday, November 20th. They set an “outperform” rating and a GBX 5,250 ($68.60) price objective on the stock. Peel Hunt reissued a “buy” rating on shares of RHI Magnesita in a report on Monday, November 5th. Kepler Capital Markets reissued a “buy” rating on shares of RHI Magnesita in a report on Tuesday, November 6th. Finally, Barclays reissued an “overweight” rating on shares of RHI Magnesita in a report on Friday, December 7th.

In other RHI Magnesita news, insider Stefan Borgas sold 2,300 shares of the company’s stock in a transaction dated 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).

RHIM stock opened at GBX 4,422 ($57.78) on Thursday. 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).

RHI Magnesita Company Profile

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.

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Analyst Recommendations for RHI Magnesita (LON:RHIM)

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