Berenberg Bank Cuts Sylvania Platinum (LON:SLP) Price Target to GBX 93

Sylvania Platinum (LON:SLP - Free Report) had its price objective reduced by Berenberg Bank from GBX 97 ($1.32) to GBX 93 ($1.27) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Sylvania Platinum Price Performance

Shares of Sylvania Platinum stock traded up GBX 1.40 ($0.02) during trading on Wednesday, hitting GBX 70 ($0.96). 716,948 shares of the company's stock traded hands, compared to its average volume of 906,590. 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 firm's fifty day moving average price is GBX 59.22 and its 200 day moving average price is GBX 51.14. Sylvania Platinum has a twelve month low of GBX 39 ($0.53) and a twelve month high of GBX 73 ($1.00). The company has a market cap of £225.91 million, a PE ratio of 32.80, a PEG 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).