Sylvania Platinum (LON:SLP) Sets New 1-Year High - Still a Buy?

Key Points

• Sylvania Platinum's stock reached a new 52-week high of GBX 82 ($1.12) during trading, closing at GBX 81.20 ($1.10) with a volume of 1,129,775 shares.
• Berenberg Bank has lowered its target price for Sylvania Platinum from GBX 93 to GBX 90, while maintaining a "buy" rating, reflecting a consensus rating of "Buy" across analysts.
• The company's market cap stands at £211.21 million, with a notably high P/E ratio of 1,928.74 and solid liquidity reflected in a current ratio of 9.94.

Sylvania Platinum Limited (LON:SLP - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 82 ($1.10) and last traded at GBX 81.20 ($1.09), with a volume of 1129775 shares traded. The stock had previously closed at GBX 78 ($1.05).

Wall Street Analyst Weigh In

Separately, Berenberg Bank decreased their target price on Sylvania Platinum from GBX 93 to GBX 90 and set a "buy" rating for the company in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of GBX 90.

Sylvania Platinum Stock Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 15.92 and a current ratio of 9.94. The business's fifty day simple moving average is GBX 75.35 and its 200-day simple moving average is GBX 62.72. The firm has a market capitalization of £208.09 million, a PE ratio of 1,900.24, 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).