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

Tharisa plc (LON:THS)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 128 and last traded at GBX 119, with a volume of 690439 shares changing hands. The stock had previously closed at GBX 121.50.

Analyst Upgrades and Downgrades

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

Tharisa Price Performance

The firm has a fifty day moving average price of GBX 98.89 and a two-hundred day moving average price of GBX 93.93. The company has a quick ratio of 1.80, a current ratio of 1.84 and a debt-to-equity ratio of 14.70. The stock has a market capitalization of £349.10 million, a P/E ratio of 4.58 and a beta of 0.90.

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.