Rhi Magnesita (RHIM) Given Add Rating at Numis Securities
Rhi Magnesita (LON:RHIM)‘s stock had its “add” rating reissued by equities research analysts at Numis Securities in a note issued to investors on Tuesday. They presently have a GBX 4,200 ($56.53) target price on the stock. Numis Securities’ target price would indicate a potential downside of 1.18% from the company’s current price.
Shares of Rhi Magnesita (LON RHIM) traded up GBX 86 ($1.16) during midday trading on Tuesday, reaching GBX 4,250 ($57.20). The company’s stock had a trading volume of 278,970 shares, compared to its average volume of 94,356. Rhi Magnesita has a fifty-two week low of GBX 2,198.56 ($29.59) and a fifty-two week high of GBX 4,173 ($56.16).
In other Rhi Magnesita news, insider Stefan Borgas purchased 2,150 shares of the stock in a transaction on Wednesday, November 29th. The stock was acquired at an average price of GBX 3,857 ($51.91) per share, with a total value of £82,925.50 ($111,609.02).
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