Berenberg Bank Reaffirms “Buy” Rating for Tharisa (LON:THS)

Tharisa (LON:THS)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 210 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 49.47% from the company’s previous close.

Separately, Peel Hunt reissued a “buy” rating and set a GBX 135 price objective on shares of Tharisa in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 172.50.

Tharisa Trading Up 2.6%

LON:THS traded up GBX 3.50 on Thursday, hitting GBX 140.50. The stock had a trading volume of 429,013 shares, compared to its average volume of 689,357. Tharisa has a 1-year low of GBX 48.68 and a 1-year high of GBX 148. The stock has a market cap of £411.81 million, a price-to-earnings ratio of 5.40 and a beta of 0.90. The company has a fifty day moving average price of GBX 115.96 and a two-hundred day moving average price of GBX 102.23. The company has a quick ratio of 1.80, a current ratio of 1.84 and a debt-to-equity ratio of 14.70.

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.