Tharisa's (THS) Buy Rating Reaffirmed at Berenberg Bank

Tharisa (LON:THS - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Berenberg Bank in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a GBX 200 ($2.73) target price on the stock. Berenberg Bank's price target indicates a potential upside of 132.56% from the company's previous close.

Tharisa Price Performance

THS traded down GBX 1 ($0.01) on Wednesday, hitting GBX 86 ($1.17). 51,909 shares of the company's stock traded hands, compared to its average volume of 228,871. The company's 50 day simple moving average is GBX 70.30 and its 200-day simple moving average is GBX 63.37. The firm has a market cap of £311.07 million, a price-to-earnings ratio of 3.94 and a beta of 0.90. Tharisa has a one year low of GBX 48.68 ($0.66) and a one year high of GBX 88 ($1.20). The company has a current ratio of 1.84, a quick ratio of 1.80 and a debt-to-equity ratio of 14.70.

Tharisa Company Profile

Tharisa Plc is an integrated resource group, dual listed in London and Johannesburg and produces platinum group metals and chrome concentrates from the Tharisa mine in South Africa. Uniquely positioned through its vertical structure incorporating processing, beneficiation, marketing, sales and logistics, Tharisa is a low cost producer, using technology and innovation to maximise stakeholder returns through exploitation of mineral resources in a responsible manner.