Sylvania Platinum (LON:SLP) Price Target Lowered to GBX 90 at Berenberg Bank

Key Points

• Berenberg Bank has lowered the price target for Sylvania Platinum from GBX 93 to GBX 90, while maintaining a "buy" rating, indicating a potential upside of 18.55% from the current price.
• Sylvania Platinum shares opened at GBX 75.92 and experienced a decline of 2.2% in trading.
• The company operates six chrome beneficiation and PGM processing plants in South Africa and is listed on the London Stock Exchange's Alternative Investment Market.

Sylvania Platinum (LON:SLP - Free Report) had its price objective cut by Berenberg Bank from GBX 93 to GBX 90 in a report released on Tuesday, Marketbeat.com reports. They currently have a buy rating on the stock.

Sylvania Platinum Stock Performance

Shares of LON SLP traded up GBX 1 during trading hours on Tuesday, hitting GBX 78. 728,174 shares of the company's stock were exchanged, compared to its average volume of 910,675. Sylvania Platinum has a 1-year low of GBX 39 and a 1-year high of GBX 82. The company has a debt-to-equity ratio of 0.35, a current ratio of 9.94 and a quick ratio of 15.92. The stock has a market capitalization of £202.89 million, a price-to-earnings ratio of 1,852.73, a PEG ratio of 0.05 and a beta of 0.38. The company's 50-day moving average price is GBX 74.18 and its 200-day moving average price is GBX 61.63.

About Sylvania Platinum

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).