Tharisa (LON:THS) Hits New 1-Year High – Here’s What Happened

Tharisa plc (LON:THS) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 129 and last traded at GBX 127, with a volume of 543716 shares. The stock had previously closed at GBX 125.

Wall Street Analyst Weigh In

THS has been the topic of a number of analyst reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 135 price objective on shares of Tharisa in a report on Monday, November 10th. Berenberg Bank reissued a “buy” rating and issued a GBX 200 price target on shares of Tharisa in a report on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 167.50.

Tharisa Stock Performance

The stock’s fifty day simple moving average is GBX 101.48 and its 200-day simple moving average is GBX 95.60. The company has a quick ratio of 1.80, a current ratio of 1.84 and a debt-to-equity ratio of 14.70. The company has a market capitalization of £372.57 million, a PE ratio of 4.88 and a beta of 0.90.

Tharisa Company Profile

Tharisa Plc is an integrated resource group, dual listed in London and Johannesburg and produces platinum group metals and chrome concentrates from the Tharisa mine in South Africa. Uniquely positioned through its vertical structure incorporating processing, beneficiation, marketing, sales and logistics, Tharisa is a low cost producer, using technology and innovation to maximise stakeholder returns through exploitation of mineral resources in a responsible manner.