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

Key Points

• Berenberg Bank lowered Sylvania Platinum’s price target from GBX 159 to GBX 148 but maintained a “buy” rating, implying 74.63% upside from the prior close.
• Royal Bank of Canada also reduced its target from GBX 170 to GBX 165 and downgraded the stock to “outperform.” Despite the changes, analysts maintain a consensus “Buy” rating with a GBX 156.50 target.
• Sylvania Platinum shares opened at GBX 84.75, while insider Johannes Jacobus Prinsloo sold 91,800 shares for £82,620; insiders own 4.68% of the company.

Sylvania Platinum (LON:SLP - Get Free Report) had its price target reduced by research analysts at Berenberg Bank from GBX 159 to GBX 148 in a report issued on Friday, Digital Look reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price objective suggests a potential upside of 74.63% from the stock's previous close.

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

Sylvania Platinum Stock Down 1.2%

Sylvania Platinum stock opened at GBX 84.75 on Friday. The firm has a market capitalization of £218.92 million, a PE ratio of 3.30, a P/E/G ratio of 0.05 and a beta of 1.66. The company's 50-day moving average is GBX 92.70 and its 200-day moving average is GBX 96.95. Sylvania Platinum has a fifty-two week low of GBX 53.50 and a fifty-two week high of GBX 130. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.32 and a quick ratio of 15.92.

Insider Buying and Selling at Sylvania Platinum

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.