Berenberg Bank Reaffirms Buy Rating for Sylvania Platinum (LON:SLP)

Sylvania Platinum (LON:SLP)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday, Marketbeat reports. They presently have a GBX 93 ($1.23) price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 30.99% from the stock’s current price.

Sylvania Platinum Stock Down 4.1%

Shares of LON:SLP opened at GBX 71 ($0.94) on Tuesday. The business’s 50 day moving average is GBX 67.89 and its 200 day moving average is GBX 54.95. Sylvania Platinum has a 12-month low of GBX 39 ($0.52) and a 12-month high of GBX 80 ($1.06). The stock has a market cap of £229.13 million, a price-to-earnings ratio of 33.27, a PEG ratio of 0.05 and a beta of 0.38. The company has a quick ratio of 15.92, a current ratio of 9.94 and a debt-to-equity ratio of 0.35.

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).