Berenberg Bank Forecasts Strong Price Appreciation for Sylvania Platinum (LON:SLP) Stock

Key Points

• Berenberg Bank has raised its price target for Sylvania Platinum from GBX 90 to GBX 106, indicating a potential upside of 12.57% from the stock's previous close.
• Shares of Sylvania Platinum experienced a slight increase during trading, reaching GBX 94.17, with a market cap of £244.93 million and a PE ratio of 1,218.19.
• The company operates six chrome beneficiation and PGM processing plants within the Bushveld Igneous Complex, focusing on low-cost production of Platinum Group Metals.

Sylvania Platinum (LON:SLP - Get Free Report) had its price objective hoisted by investment analysts at Berenberg Bank from GBX 90 to GBX 106 in a note issued to investors on Tuesday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price target would indicate a potential upside of 12.57% from the company's previous close.

Sylvania Platinum Price Performance

Shares of SLP traded up GBX 2.17 during mid-day trading on Tuesday, hitting GBX 94.17. 1,702,770 shares of the stock were exchanged, compared to its average volume of 943,481. The company has a market cap of £244.93 million, a PE ratio of 1,218.19, a price-to-earnings-growth ratio of 0.05 and a beta of 0.38. Sylvania Platinum has a 52-week low of GBX 39 and a 52-week high of GBX 95. The firm has a 50-day moving average of GBX 79.21 and a two-hundred day moving average of GBX 66. The company has a debt-to-equity ratio of 0.35, a quick ratio of 15.92 and a current ratio of 9.94.

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).

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