Market's view on Vesuvius

Published on April 2024

  • Jefferies has raised the price target for Vesuvius to 685 pence from 675 pence, maintaining a ‘buy’ rating.
  • Berenberg has upgraded Vesuvius’s price target to 580 pence from 480 pence, also with a ‘buy’ recommendation.
  • Peel Hunt analyst has highlighted that Vesuvius is on track for higher margins, maintaining a ‘buy’ rating with a target price of 600 pence, noting a £30 million cost reduction programme and potential earnings per share growth by 2025.
  • RBC has increased Vesuvius’s price target to 590 pence from 565 pence, giving an ‘outperform’ rating.
  • There is discussion about Vesuvius showing a strong dividend payout.
  • Observations note that the company’s chart resembles Bart Simpson’s haircut over the past four months, indicating a stagnant or volatile stock pattern.
  • One stock watcher mentioned a significant CFO stock purchase followed by a decrease in stock price, hinting at potential timing misjudgment.
  • Another stock watcher expressed a ready-to-buy sentiment if the stock price falls to 400 pence, citing Vesuvius as a solid company unless a major unpredictable event occurs.
  • A stock watcher exited their position with over 20% profit but remains open to re-entering at a higher price, reflecting a strategic profit-taking.
  • The expectation is set for a steady full-year report from Vesuvius by the end of February, anticipated to show growth and stable earnings.
  • There are mixed feelings about recent performance results, with one watcher highlighting a mixed set of outcomes.
  • The trading spread was noted to be tight, with a stock watcher considering but eventually deciding against selling, expecting further gains.
  • A stock watcher exited their position at 480 pence, citing a ‘dippy time’ in stock performance.
  • Vesuvius has been identified as the largest holding by value in one stock watcher’s portfolio, indicating significant investor confidence.
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