Numis Securities Reiterates Buy Rating for Vesuvius (VSVS)
Vesuvius (LON:VSVS)‘s stock had its “buy” rating reissued by equities research analysts at Numis Securities in a research note issued on Tuesday. They presently have a GBX 700 ($9.42) price target on the stock. Numis Securities’ target price indicates a potential upside of 27.85% from the company’s previous close.
Several other brokerages also recently issued reports on VSVS. reissued a “hold” rating and set a GBX 600 ($8.08) price target on shares of Vesuvius in a report on Friday, September 29th. Deutsche Bank reissued a “hold” rating and set a GBX 550 ($7.40) price target on shares of Vesuvius in a report on Monday, August 7th. Peel Hunt reissued a “buy” rating and set a GBX 740 ($9.96) price target on shares of Vesuvius in a report on Monday, October 9th. reissued a “buy” rating and set a GBX 730 ($9.83) price target on shares of Vesuvius in a report on Tuesday, November 14th. Finally, Jefferies Group boosted their price target on shares of Vesuvius from GBX 666 ($8.96) to GBX 680 ($9.15) and gave the company a “buy” rating in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 645 ($8.68).
Shares of Vesuvius (VSVS) traded down GBX 2 ($0.03) on Tuesday, hitting GBX 547.50 ($7.37). 425,238 shares of the stock traded hands, compared to its average volume of 610,886. Vesuvius has a 52 week low of GBX 390.80 ($5.26) and a 52 week high of GBX 633 ($8.52).
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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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