Sylvania Platinum (LON:SLP) Rating Lowered to Outperform at Royal Bank Of Canada

Sylvania Platinum (LON:SLP – Get Free Report) was downgraded by analysts at Royal Bank Of Canada to an “outperform” rating in a note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 165 price objective on the stock, down from their previous price objective of GBX 170. Royal Bank Of Canada’s target price indicates a potential upside of 120.44% from the stock’s current price.

Separately, Berenberg Bank reduced their price objective on shares of Sylvania Platinum from GBX 174 to GBX 162 and set a “buy” rating for the company in a research report on Friday. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 163.50.

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Sylvania Platinum Price Performance

LON:SLP opened at GBX 74.85 on Monday. The business’s 50-day moving average price is GBX 88.23 and its 200 day moving average price is GBX 99.66. The firm has a market cap of £193.73 million, a P/E ratio of 5.37, a PEG ratio of 0.05 and a beta of 1.76. Sylvania Platinum has a 52-week low of GBX 67 and a 52-week high of GBX 130. The company has a quick ratio of 15.92, a current ratio of 5.30 and a debt-to-equity ratio of 0.36.

About Sylvania Platinum

(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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