Sylvania Platinum (LON:SLP) Given Buy Rating at Berenberg Bank

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 reissued by analysts at Berenberg Bank in a report issued on Tuesday, MarketBeat Ratings reports. They currently have a GBX 93 ($1.23) price target on the stock. Berenberg Bank's target price would indicate a potential upside of 36.76% from the company's previous close.

Sylvania Platinum Stock Performance

Shares of LON SLP traded down GBX 2.20 ($0.03) during midday trading on Tuesday, hitting GBX 68 ($0.90). The company's stock had a trading volume of 1,119,025 shares, compared to its average volume of 922,079. The stock has a fifty day moving average price of GBX 68.33 and a 200 day moving average price of GBX 55.33. Sylvania Platinum has a one year low of GBX 39 ($0.52) and a one year 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. The firm has a market capitalization of £219.45 million, a price-to-earnings ratio of 31.87, a P/E/G ratio of 0.05 and a beta of 0.38.

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).