Sylvania Platinum (LON:SLP) Given New GBX 162 Price Target at Berenberg Bank

Sylvania Platinum (LON:SLP) had its price target cut by analysts at Berenberg Bank from GBX 174 to GBX 162 in a report released on Friday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 117.82% from the stock’s previous close.

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.com, Sylvania Platinum has a consensus rating of “Buy” and an average target price of GBX 168.50.

Sylvania Platinum Stock Down 9.3%

Sylvania Platinum stock opened at GBX 74.38 on Friday. Sylvania Platinum has a fifty-two week low of GBX 66.55 and a fifty-two week high of GBX 130. The firm’s 50-day simple moving average is GBX 88.72 and its 200 day simple moving average is GBX 99.93. The stock has a market cap of £192.50 million, a PE ratio of 5.34, a price-to-earnings-growth ratio of 0.05 and a beta of 1.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 15.92 and a current ratio of 5.30.

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.