Barclays reaffirmed their overweight rating on shares of RHI Magnesita (LON:RHIM – Free Report) in a research note released on Thursday morning, Marketbeat Ratings reports. The firm currently has a GBX 3,800 ($48.20) price target on the stock.
RHI Magnesita Stock Up 1.0 %
Shares of LON:RHIM opened at GBX 3,730 ($47.31) on Thursday. The company has a debt-to-equity ratio of 129.64, a current ratio of 2.13 and a quick ratio of 0.93. The firm has a market capitalization of £1.76 billion, a PE ratio of 1,497.99, a price-to-earnings-growth ratio of 2.03 and a beta of 1.54. The firm’s 50-day moving average is GBX 3,421.58 and its two-hundred day moving average is GBX 3,034.61. RHI Magnesita has a 1 year low of GBX 2,034 ($25.80) and a 1 year high of GBX 3,818 ($48.43).
RHI Magnesita Increases Dividend
The company also recently announced a dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be paid a dividend of €1.25 ($1.36) per share. This represents a dividend yield of 2.91%. This is a positive change from RHI Magnesita’s previous dividend of $0.55. The ex-dividend date of this dividend is Thursday, May 16th. RHI Magnesita’s dividend payout ratio is presently 5,702.81%.
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.
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