Berenberg Bank Forecasts Strong Price Appreciation for Sylvania Platinum (LON:SLP) Stock

Sylvania Platinum (LON:SLP) had its price target raised by stock analysts at Berenberg Bank from GBX 127 to GBX 130 in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 7.44% from the stock’s previous close.

Sylvania Platinum Trading Down 0.4%

SLP traded down GBX 0.50 during trading on Tuesday, hitting GBX 121. 4,814,029 shares of the stock were exchanged, compared to its average volume of 1,965,334. The company has a debt-to-equity ratio of 0.35, a quick ratio of 15.92 and a current ratio of 9.94. The firm has a 50 day simple moving average of GBX 100.11 and a 200 day simple moving average of GBX 87.50. The firm has a market cap of £314.76 million, a price-to-earnings ratio of 15.65, a P/E/G ratio of 0.05 and a beta of 0.38. Sylvania Platinum has a 1 year low of GBX 41.25 and a 1 year high of GBX 128.

About Sylvania Platinum

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.