Berenberg Bank Forecasts Strong Price Appreciation for Vesuvius (LON:VSVS) Stock

Vesuvius (LON:VSVS) had its price target hoisted by Berenberg Bank from GBX 530 ($6.72) to GBX 580 ($7.35) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Vesuvius Stock Performance

VSVS opened at GBX 434 ($5.50) on Tuesday. The firm has a market cap of £1.13 billion, a P/E ratio of 1,112.82, a price-to-earnings-growth ratio of 0.57 and a beta of 1.20. Vesuvius has a 52-week low of GBX 349 ($4.42) and a 52-week high of GBX 509 ($6.45). The company has a debt-to-equity ratio of 39.26, a quick ratio of 1.20 and a current ratio of 1.57. The business’s fifty day moving average is GBX 389.96 and its 200-day moving average is GBX 421.48.

Vesuvius Company Profile

Vesuvius plc provides molten metal flow engineering and technology services to steel and foundry casting industries worldwide. It operates through Flow Control, Sensor & Probes, and Advanced Refractories segments. The company provides consumables and equipment, which includes binders, coatings, feeding systems, filtration and gating systems, melt shop refractories, metallurgical and pouring control systems, die dressings and coatings, melt treatment products, crucibles, and ceramics for the iron, steel, and nonferrous foundries.