Tharisa (LON:THS) Hits New 12-Month High – Should You Buy?

Tharisa plc (LON:THS) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 138 and last traded at GBX 138, with a volume of 1126069 shares trading hands. The stock had previously closed at GBX 129.

Wall Street Analysts Forecast Growth

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

Tharisa Stock Performance

The stock has a market capitalization of £404.48 million, a PE ratio of 5.31 and a beta of 0.90. The company has a debt-to-equity ratio of 14.70, a quick ratio of 1.80 and a current ratio of 1.84. The firm has a 50 day moving average of GBX 109.28 and a 200-day moving average of GBX 99.65.

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.