Vesuvius (LON:VSVS) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Vesuvius plc (LON:VSVS)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 402.71 and traded as high as GBX 459. Vesuvius shares last traded at GBX 447, with a volume of 566,986 shares traded.

Wall Street Analyst Weigh In

VSVS has been the subject of several recent analyst reports. Berenberg Bank lifted their price target on Vesuvius from GBX 430 to GBX 460 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Peel Hunt reissued a “buy” rating and issued a GBX 470 price objective on shares of Vesuvius in a report on Tuesday, November 11th. Jefferies Financial Group upped their target price on Vesuvius from GBX 500 to GBX 550 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Finally, JPMorgan Chase & Co. increased their target price on Vesuvius from GBX 340 to GBX 390 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 467.50.

Vesuvius Trading Up 1.6%

The company has a fifty day moving average of GBX 451.43 and a 200-day moving average of GBX 402.71. The company has a current ratio of 2.27, a quick ratio of 1.20 and a debt-to-equity ratio of 57.19. The company has a market capitalization of £1.11 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.57 and a beta of 1.03.

Vesuvius Company Profile

We are a global leader in metal flow engineering, providing a full range of engineering services and solutions to its customers worldwide, principally serving the steel and foundry industries.