Sylvania Platinum (LON:SLP) Stock Gets Price Target Cut from Berenberg Bank

Sylvania Platinum (LON:SLP) had its price target lowered by Berenberg Bank from GBX 159 to GBX 148 in a research note issued to investors on Friday morning,Digital Look reports. The firm currently has a buy rating on the stock.

Separately, Royal Bank Of Canada downgraded Sylvania Platinum to an “outperform” rating and reduced their target price for the company from GBX 170 to GBX 165 in a report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 156.50.

Sylvania Platinum Stock Down 2.0%

Shares of LON SLP opened at GBX 84.10 on Friday. The company has a market cap of £217.24 million, a price-to-earnings ratio of 3.28, a price-to-earnings-growth ratio of 0.05 and a beta of 1.66. The company has a quick ratio of 15.92, a current ratio of 5.32 and a debt-to-equity ratio of 0.22. Sylvania Platinum has a 12-month low of GBX 53.50 and a 12-month high of GBX 130. The firm’s 50-day simple moving average is GBX 92.65 and its 200 day simple moving average is GBX 96.81.

Insiders Place Their Bets

In other news, insider Johannes Jacobus Prinsloo sold 91,800 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of GBX 90, for a total value of £82,620. 4.68% of the stock is currently owned by company insiders.

About Sylvania Platinum

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.