By Michele Maatouk
Date: Wednesday 13 Jan 2021
LONDON (ShareCast) - (Sharecast News) - JPMorgan Cazenove downgraded its stance on shares of molten metal flow engineer Vesuvius on Wednesday, to 'neutral' from 'overweight', following a strong recovery in the share price.
"Management has a strong cost savings track record, though we expect the emphasis to shift towards growth and M&A from here," JPM said.
"We see more upside elsewhere, with the group's FY2 price-to-earnings now being 30% above its average since 2015."
JPM lifted its price target on the stock to 591p from 575p.
At 1040 GMT, the shares were down 3% at 522.50p.
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Currency | UK Pounds |
Share Price | 484.00p |
Change Today | 6.00p |
% Change | 1.26 % |
52 Week High | 504.00 |
52 Week Low | 390.80 |
Volume | 30,921 |
Shares Issued | 265.69m |
Market Cap | £1,285.93m |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 4 |
Buy | 2 |
Neutral | 3 |
Sell | 1 |
Strong Sell | 0 |
Total | 10 |
Latest | Previous | |
---|---|---|
Final | Interim | |
Ex-Div | 18-Apr-24 | 03-Aug-23 |
Paid | 31-May-24 | 15-Sep-23 |
Amount | 16.20p | 6.80p |
Time | Volume / Share Price |
11:05 | 43 @ 484.00p |
11:05 | 99 @ 484.50p |
11:00 | 44 @ 484.00p |
11:00 | 90 @ 484.00p |
11:00 | 72 @ 484.00p |
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