Eileen Carr Acquires 25,000 Shares of Sylvania Platinum (LON:SLP) Stock

Key Points

• Insider Eileen Carr bought 25,000 shares of Sylvania Platinum on March 23 at an average price of GBX 81 per share, a total transaction of £20,250.
• The company's Board on March 23 initiated a share buyback program, authorizing open-market repurchases—a signal management may view the stock as undervalued.
• Analyst sentiment is positive: Berenberg raised its target to GBX 130 and the consensus rating is Buy, while shares were recently up 5.2% and the company has a market cap of £232.56 million.

Sylvania Platinum Limited (LON:SLP - Get Free Report) insider Eileen Carr purchased 25,000 shares of Sylvania Platinum stock in a transaction that occurred on Monday, March 23rd. The shares were bought at an average price of GBX 81 per share, for a total transaction of £20,250.

Sylvania Platinum Stock Up 5.2%

Shares of LON:SLP opened at GBX 89.40 on Tuesday. Sylvania Platinum Limited has a 12 month low of GBX 41.25 and a 12 month high of GBX 130. The firm has a market cap of £232.56 million, a P/E ratio of 6.42, a P/E/G ratio of 0.05 and a beta of 0.39. The company has a quick ratio of 15.92, a current ratio of 5.30 and a debt-to-equity ratio of 0.36. The company's 50-day moving average price is GBX 111.11 and its two-hundred day moving average price is GBX 97.54.

Sylvania Platinum declared that its Board of Directors has initiated a share buyback program on Monday, March 23rd that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Berenberg Bank raised their price target on shares of Sylvania Platinum from GBX 127 to GBX 130 and gave the company a "buy" rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Sylvania Platinum has a consensus rating of "Buy" and an average target price of GBX 130.

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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