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

Berenberg Bank reissued their buy rating on shares of Sylvania Platinum (LON:SLP) in a report released on Tuesday morning, Marketbeat reports. Berenberg Bank currently has a GBX 162 target price on the stock.

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

Sylvania Platinum Stock Performance

LON SLP opened at GBX 94 on Tuesday. Sylvania Platinum has a 52-week low of GBX 53.50 and a 52-week high of GBX 130. The company has a fifty day moving average of GBX 87.17 and a 200-day moving average of GBX 93.27. The company has a market capitalization of £243.29 million, a P/E ratio of 6.75, a P/E/G ratio of 0.05 and a beta of 1.66. 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 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.