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.