Tharisa’s (THS) “Buy” Rating Reaffirmed at Berenberg Bank

Tharisa (LON:THS)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research note issued on Tuesday, Digital Look reports. They presently have a GBX 230 target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 87.76% from the stock’s previous close.

Tharisa Stock Performance

Tharisa stock traded down GBX 0.50 during mid-day trading on Tuesday, reaching GBX 122.50. 130,154 shares of the company traded hands, compared to its average volume of 320,534. The firm’s fifty day moving average is GBX 123.17 and its two-hundred day moving average is GBX 119.94. The company has a market capitalization of £362.96 million, a price-to-earnings ratio of 3.12 and a beta of 0.71. Tharisa has a fifty-two week low of GBX 88.15 and a fifty-two week high of GBX 148. The company has a debt-to-equity ratio of 15.61, a current ratio of 2.30 and a quick ratio of 1.79.

Tharisa Company Profile

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.