Analyst Andrew Douglas of Jefferies maintained a Buy rating on Vesuvius, retaining the price target of p490.00.
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Andrew Douglas has given his Buy rating due to a combination of factors, including Vesuvius’s management executing well on their restructuring plan, which aims for significant cost savings. Despite the challenging trading environment in the first half of 2025, the company has maintained its EBITA guidance, which aligns with previous updates.
Additionally, the company’s modest valuation and potential for recovery in a more favorable macroeconomic environment contribute to the positive outlook. The recent financial performance, including sales and earnings per share figures, supports this view, as they have either met or exceeded expectations. Therefore, the combination of these strategic and financial elements underpins the Buy rating.
According to TipRanks, Douglas is a 4-star analyst with an average return of 5.7% and a 55.91% success rate. Douglas covers the Industrials sector, focusing on stocks such as IMI plc, Senior plc, and RHI Magnesita NV.
In another report released on July 25, Berenberg Bank also maintained a Buy rating on the stock with a p430.00 price target.