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

Key Points

• Berenberg Bank has reaffirmed its "buy" rating for Sylvania Platinum, setting a target price of GBX 93 ($1.24), indicating a potential upside of 27.33% from the current price.
• Sylvania Platinum's stock opened at GBX 73.04 ($0.98) and has a one-year range of GBX 39 to GBX 80, with a market capitalization of £235.72 million.
• The company operates six PGM processing plants in South Africa's Bushveld Igneous Complex, focusing on low-cost production of Platinum Group Metals.

Sylvania Platinum (LON:SLP - Get Free Report)'s stock had its "buy" rating reiterated by investment analysts at Berenberg Bank in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They presently have a GBX 93 ($1.23) price objective on the stock. Berenberg Bank's target price indicates a potential upside of 30.99% from the stock's current price.

Sylvania Platinum Price Performance

Shares of LON:SLP traded down GBX 3 ($0.04) on Tuesday, hitting GBX 71 ($0.94). The company had a trading volume of 1,020,518 shares, compared to its average volume of 923,695. The company has a market cap of £229.13 million, a PE ratio of 33.27, a PEG ratio of 0.05 and a beta of 0.38. The business has a 50 day moving average of GBX 67.89 and a 200 day moving average of GBX 54.95. Sylvania Platinum has a 52-week low of GBX 39 ($0.52) and a 52-week high of GBX 80 ($1.06). 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 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).