Berenberg Bank Reaffirms “Buy” Rating for Tharisa (LON:THS)

Tharisa (LON:THS)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a report issued on Wednesday,London Stock Exchange reports. They currently have a GBX 220 price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 88.03% from the company’s current price.

Tharisa Stock Down 4.4%

Shares of LON:THS opened at GBX 117 on Wednesday. The business has a 50 day simple moving average of GBX 120.03 and a two-hundred day simple moving average of GBX 113.26. The company has a debt-to-equity ratio of 13.31, a current ratio of 2.03 and a quick ratio of 1.80. Tharisa has a 1 year low of GBX 53 and a 1 year high of GBX 148. The firm has a market capitalization of £346.62 million, a PE ratio of 4.50 and a beta of 0.73.

Tharisa Company Profile

About Tharisa – delivering on expansion and growth opportunities, commercialising technology solutions
Tharisa is an integrated resource group playing a pivotal role in the global energy transition and the decarbonisation of economies. Leveraging innovation and technology, Tharisa covers the entire value chain – exploration, mining, processing, beneficiation, marketing, sales, and logistics – for PGMs and chrome concentrates. The low cost, multigenerational Tharisa Mine is located on the southwestern limb of the Bushveld Complex, South Africa, the largest source of PGMs and chrome globally.