Vesuvius Plc’s (VSVS) Hold Rating Reiterated at Deutsche Bank AG
Vesuvius Plc (LON:VSVS)‘s stock had its “hold” rating reaffirmed by equities researchers at Deutsche Bank AG in a report released on Friday. They currently have a GBX 550 ($7.23) price objective on the stock. Deutsche Bank AG’s target price would suggest a potential downside of 5.58% from the company’s current price.
VSVS has been the subject of several other research reports. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 710 ($9.33) price target (up previously from GBX 620 ($8.15)) on shares of Vesuvius Plc in a research report on Monday, July 24th. Peel Hunt increased their price target on shares of Vesuvius Plc from GBX 700 ($9.20) to GBX 740 ($9.73) and gave the stock a “buy” rating in a research report on Wednesday, August 30th. BNP Paribas raised shares of Vesuvius Plc to an “outperform” rating and set a GBX 675 ($8.87) price target for the company in a research report on Tuesday, July 18th. Finally, HSBC Holdings plc reissued a “hold” rating and issued a GBX 600 ($7.89) price target on shares of Vesuvius Plc in a research report on Friday, September 29th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 633.75 ($8.33).
Vesuvius Plc (LON:VSVS) traded down 0.77% during trading on Friday, hitting GBX 582.50. The stock had a trading volume of 197,088 shares. Vesuvius Plc has a 52 week low of GBX 335.90 and a 52 week high of GBX 633.00. The stock has a 50-day moving average price of GBX 579.28 and a 200-day moving average price of GBX 558.32. The company’s market cap is GBX 1.57 billion.
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Vesuvius Plc Company Profile
Vesuvius plc provides engineering services and solutions 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 iron, steel, and nonferrous foundries.
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