Sylvania Platinum’s (SLP) “Buy” Rating Reiterated at Berenberg Bank

Sylvania Platinum (LON:SLP)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research report issued to clients and investors on Tuesday, London Stock Exchange reports. They currently have a GBX 162 price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 80.23% from the stock’s current price.

Separately, Royal Bank Of Canada downgraded shares of Sylvania Platinum to an “outperform” rating and decreased their price target for the company from GBX 170 to GBX 165 in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 163.50.

Sylvania Platinum Stock Performance

LON:SLP opened at GBX 89.89 on Tuesday. The company has a fifty day moving average of GBX 86.82 and a 200-day moving average of GBX 93.98. The firm has a market capitalization of £232.64 million, a P/E ratio of 6.45, a P/E/G ratio of 0.05 and a beta of 1.66. The company has a quick ratio of 15.92, a current ratio of 5.30 and a debt-to-equity ratio of 0.36. Sylvania Platinum has a twelve month low of GBX 53.50 and a twelve month high of GBX 130.

Sylvania Platinum Company Profile

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.