Sylvania Platinum (LON:SLP) Reaches New 12-Month High - Should You Buy?

Key Points

• Sylvania Platinum's stock reached a new 52-week high, trading at GBX 94 ($1.26), with a volume of 2,479,302 shares traded.
• Wall Street analysts maintain a buy rating for Sylvania Platinum, despite Berenberg Bank adjusting their price target down from GBX 93 to 90.
• The company has a strong financial position with a debt-to-equity ratio of 0.35 and a current ratio of 9.94.

Sylvania Platinum Limited (LON:SLP - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 94 ($1.26) and last traded at GBX 94 ($1.26), with a volume of 2479302 shares traded. The stock had previously closed at GBX 89.80 ($1.20).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their price objective on Sylvania Platinum from GBX 93 to GBX 90 and set a "buy" rating for the company in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Sylvania Platinum currently has a consensus rating of "Buy" and a consensus price target of GBX 90.

Sylvania Platinum Stock Up 4.7%

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 business has a 50 day moving average price of GBX 76.99 and a 200 day moving average price of GBX 64.25. The firm has a market capitalization of £244.50 million, a P/E ratio of 2,232.78, a price-to-earnings-growth 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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.