Berenberg Bank Reaffirms Buy Rating for Sylvania Platinum (LON:SLP)

Sylvania Platinum (LON:SLP)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research note issued on Monday,Digital Look reports. They presently have a GBX 174 price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 110.14% from the stock’s current price.

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 175 price objective on shares of Sylvania Platinum in a research report on Thursday, June 4th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 174.50.

Sylvania Platinum Stock Down 0.2%

Shares of Sylvania Platinum stock opened at GBX 82.80 on Monday. The company has a 50-day simple moving average of GBX 97.39 and a two-hundred day simple moving average of GBX 102.66. The stock has a market capitalization of £214.31 million, a PE ratio of 5.94, a price-to-earnings-growth ratio of 0.05 and a beta of 1.77. Sylvania Platinum has a 52-week low of GBX 64 and a 52-week high of GBX 130. The company has a debt-to-equity ratio of 0.36, a quick ratio of 15.92 and a current ratio of 5.30.

Sylvania Platinum announced that its Board of Directors has approved a share repurchase program on Monday, March 23rd that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

About Sylvania Platinum

Sylvania Platinum is a rapidly expanding low-cost PGMs producer listed on the London Stock Exchange’s Alternative Investment Market (AIM: SLP).

Sylvania is a mid-tier, lower unit cost Platinum Group Metal (PGM)minerals reprocessing and development Company. Our operational arm, Sylvania Dump Operations (SDO), has six chrome beneficiation and PGM processing plants in the Eastern and Western limb of the Bushveld Igneous Complex (BIC).

A pioneer in chrome tailings reprocessing, Sylvania treats a combination of current and historical chrome tailings at our host mine sites.