Sylvania Platinum (LON:SLP) Receives Buy Rating from Berenberg Bank

Sylvania Platinum (LON:SLP)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research note issued on Tuesday, London Stock Exchange reports. They currently have a GBX 162 price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 80.23% from the company’s previous close.

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

Sylvania Platinum Trading Up 5.1%

Shares of SLP stock opened at GBX 89.89 on Tuesday. The stock has a 50-day moving average of GBX 86.82 and a 200-day moving average of GBX 93.98. Sylvania Platinum has a 1-year low of GBX 53.50 and a 1-year high of GBX 130. The stock has a market cap of £232.64 million, a price-to-earnings ratio of 6.45, a PEG ratio of 0.05 and a beta of 1.66. The company has a current ratio of 5.30, a quick ratio of 15.92 and a debt-to-equity ratio of 0.36.

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.