Tharisa (LON:THS) Reaches New 52-Week High – Should You Buy?

Tharisa plc (LON:THS)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 129 and last traded at GBX 127, with a volume of 543716 shares traded. The stock had previously closed at GBX 125.

Analysts Set New Price Targets

THS has been the subject of a number of research reports. Berenberg Bank restated a “buy” rating and set a GBX 200 target price on shares of Tharisa in a research report on Tuesday, October 7th. Peel Hunt reissued a “buy” rating and set a GBX 135 price objective on shares of Tharisa in a research note on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 167.50.

Tharisa Stock Performance

The company has a market capitalization of £372.57 million, a PE ratio of 4.88 and a beta of 0.90. The stock’s fifty day simple moving average is GBX 101.48 and its 200-day simple moving average is GBX 95.60. The company has a debt-to-equity ratio of 14.70, a quick ratio of 1.80 and a current ratio of 1.84.

About Tharisa

Tharisa Plc is an integrated resource group, dual listed in London and Johannesburg and produces platinum group metals and chrome concentrates from the Tharisa mine in South Africa. Uniquely positioned through its vertical structure incorporating processing, beneficiation, marketing, sales and logistics, Tharisa is a low cost producer, using technology and innovation to maximise stakeholder returns through exploitation of mineral resources in a responsible manner.