Berenberg Bank Lowers RHI Magnesita (LON:RHIM) Price Target to GBX 4,150

RHI Magnesita (LON:RHIM) had its price objective reduced by Berenberg Bank from GBX 4,300 ($55.61) to GBX 4,150 ($53.67) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

RHI Magnesita Trading Up 2.8 %

LON:RHIM opened at GBX 3,645 ($47.14) on Thursday. The stock has a fifty day simple moving average of GBX 3,450.09 and a 200 day simple moving average of GBX 3,483.20. The firm has a market capitalization of £1.72 billion, a price-to-earnings ratio of 1,252.58, a price-to-earnings-growth ratio of 2.03 and a beta of 1.51. RHI Magnesita has a 1-year low of GBX 2,456 ($31.76) and a 1-year high of GBX 3,827.49 ($49.50). The company has a quick ratio of 0.93, a current ratio of 2.23 and a debt-to-equity ratio of 148.23.

RHI Magnesita Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be issued a dividend of €0.60 ($0.65) per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a dividend yield of 1.38%. RHI Magnesita’s dividend payout ratio is currently 5,326.46%.

RHI Magnesita Company Profile

RHI Magnesita N.V., together with its subsidiaries, develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide. It offers magnesia spinel, dolomite, dolomite-magnesia, magnesia-chrome, alumina, alumina silicate, and mortars for the cement industry; shaped products based on silicon carbide, magnesia, zirconium, fireclay, and alumina; unshaped refractories; high-temperature insulation, and ceramic and metallic anchoring systems; induction and electric arc furnaces, AOD converters, dome and delta, ladles, isostatically pressed and tundish products, and slide gates.