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

Tharisa (LON:THS)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research report issued to clients and investors on Thursday,Digital Look reports. They currently have a GBX 220 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 71.88% from the stock’s current price.

Tharisa Stock Up 3.2%

Shares of LON:THS opened at GBX 128 on Thursday. The business’s 50 day moving average is GBX 115.52 and its 200 day moving average is GBX 114.90. The stock has a market cap of £379.21 million, a P/E ratio of 4.92 and a beta of 0.65. Tharisa has a 52-week low of GBX 54 and a 52-week high of GBX 148. The company has a quick ratio of 1.80, a current ratio of 2.03 and a debt-to-equity ratio of 13.31.

About Tharisa

About Tharisa – delivering on expansion and growth opportunities, commercialising technology solutions
Tharisa is an integrated resource group playing a pivotal role in the global energy transition and the decarbonisation of economies. Leveraging innovation and technology, Tharisa covers the entire value chain – exploration, mining, processing, beneficiation, marketing, sales, and logistics – for PGMs and chrome concentrates. The low cost, multigenerational Tharisa Mine is located on the southwestern limb of the Bushveld Complex, South Africa, the largest source of PGMs and chrome globally.