Sylvania Platinum’s (SLP) Buy Rating Reaffirmed at Berenberg Bank

Sylvania Platinum (LON:SLP)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a report released on Monday,Digital Look reports. They currently have a GBX 174 price objective on the stock. Berenberg Bank’s price target points to a potential upside of 110.14% from the company’s current price.

Separately, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 175 price objective on shares of Sylvania Platinum in a research report on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 174.50.

Sylvania Platinum Stock Down 0.2%

SLP stock opened at GBX 82.80 on Monday. The company has a market capitalization of £214.31 million, a price-to-earnings ratio of 5.94, a price-to-earnings-growth ratio of 0.05 and a beta of 1.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 15.92 and a current ratio of 5.30. The business’s 50 day moving average price is GBX 97.39 and its two-hundred day moving average price is GBX 102.66. Sylvania Platinum has a fifty-two week low of GBX 64 and a fifty-two week high of GBX 130.

Sylvania Platinum declared that its board has authorized a share buyback plan on Monday, March 23rd that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.