Sylvania Platinum (LON:SLP) Price Target Cut to GBX 148 by Analysts at Berenberg Bank

Sylvania Platinum (LON:SLP – Get Free Report) had its price target dropped by stock analysts at Berenberg Bank from GBX 159 to GBX 148 in a research report issued on Friday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank‘s target price points to a potential upside of 74.63% from the stock’s previous close.

Separately, Royal Bank Of Canada lowered shares of Sylvania Platinum to an “outperform” rating and decreased their price target for the company from GBX 170 to GBX 165 in a report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Sylvania Platinum currently has an average rating of “Buy” and a consensus target price of GBX 156.50.

Check Out Our Latest Analysis on Sylvania Platinum

Sylvania Platinum Stock Down 1.2%

SLP stock opened at GBX 84.75 on Friday. The stock has a market capitalization of £218.92 million, a P/E ratio of 3.30, a price-to-earnings-growth ratio of 0.05 and a beta of 1.66. The company has a current ratio of 5.32, a quick ratio of 15.92 and a debt-to-equity ratio of 0.22. Sylvania Platinum has a 12 month low of GBX 53.50 and a 12 month high of GBX 130. The firm has a 50-day moving average price of GBX 92.70 and a 200-day moving average price of GBX 96.95.

Insider Buying and Selling at Sylvania Platinum

In other news, insider Johannes Jacobus Prinsloo sold 91,800 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of GBX 90, for a total value of £82,620. Company insiders own 4.68% of the company’s stock.

Sylvania Platinum Company Profile

(Get Free Report)

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.

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