Berenberg Bank Issues Positive Forecast for Sylvania Platinum (LON:SLP) Stock Price

Key Points

• Berenberg Bank raised its target price on Sylvania Platinum from GBX 127 to GBX 130 and maintained a buy rating, implying roughly a 7.44% upside from the prior close.
• Shares traded at GBX 121 with an unusually high volume of 4.81 million shares versus an average of 1.97 million, and the company has a market cap of £314.8 million and a P/E of 15.65.
• Sylvania is a mid‑tier, low‑cost Platinum Group Metals (PGMs) producer that reprocesses chrome tailings across six beneficiation and PGM processing plants in the Bushveld Igneous Complex.

Sylvania Platinum (LON:SLP - Get Free Report) had its target price upped by equities research analysts at Berenberg Bank from GBX 127 to GBX 130 in a research note issued on Tuesday, Marketbeat reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price target would suggest a potential upside of 7.44% from the stock's previous close.

Sylvania Platinum Price Performance

SLP traded down GBX 0.50 on Tuesday, hitting GBX 121. 4,814,029 shares of the company's stock traded hands, compared to its average volume of 1,965,334. The firm has a market cap of £314.76 million, a price-to-earnings ratio of 15.65, a P/E/G ratio of 0.05 and a beta of 0.38. The company has a current ratio of 9.94, a quick ratio of 15.92 and a debt-to-equity ratio of 0.35. Sylvania Platinum has a one year low of GBX 41.25 and a one year high of GBX 128. The company's 50 day simple moving average is GBX 100.11 and its 200-day simple moving average is GBX 87.50.

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.

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