Berenberg Bank Lowers Sylvania Platinum (LON:SLP) Price Target to GBX 162

Sylvania Platinum (LON:SLP) had its target price reduced by research analysts at Berenberg Bank from GBX 174 to GBX 162 in a report issued on Friday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 117.82% from the stock’s current price.

Separately, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 175 price objective on shares of Sylvania Platinum in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 168.50.

Sylvania Platinum Stock Performance

Shares of LON:SLP opened at GBX 74.38 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 15.92 and a current ratio of 5.30. The firm’s 50 day simple moving average is GBX 88.72 and its 200-day simple moving average is GBX 99.93. The firm has a market cap of £192.50 million, a PE ratio of 5.34, a price-to-earnings-growth ratio of 0.05 and a beta of 1.76. Sylvania Platinum has a one year low of GBX 66.55 and a one year high of GBX 130.

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).

A pioneer in chrome tailings reprocessing, Sylvania treats a combination of current and historical chrome tailings at our host mine sites.