Tharisa (LON:THS) Sets New 52-Week High – Should You Buy?

Tharisa plc (LON:THS)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 112 and last traded at GBX 112, with a volume of 1555320 shares trading hands. The stock had previously closed at GBX 107.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on THS. Peel Hunt restated a “buy” rating and issued a GBX 135 price target on shares of Tharisa in a research report on Monday, November 10th. Berenberg Bank restated a “buy” rating and issued a GBX 200 target price on shares of Tharisa in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 167.50.

Tharisa Stock Performance

The firm has a market capitalization of £328.57 million, a P/E ratio of 4.31 and a beta of 0.90. The company has a debt-to-equity ratio of 14.70, a current ratio of 1.84 and a quick ratio of 1.80. The firm has a 50-day moving average price of GBX 97.14 and a two-hundred day moving average price of GBX 92.58.

About Tharisa

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.