Tharisa (LON:THS) Hits New 1-Year High – Here’s What Happened

Tharisa plc (LON:THS)’s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 129 and last traded at GBX 127, with a volume of 543716 shares traded. The stock had previously closed at GBX 125.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 135 price objective on shares of Tharisa in a research note on Monday, November 10th. Berenberg Bank reaffirmed 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, Based on data from MarketBeat.com, Tharisa has a consensus rating of “Buy” and an average price target of GBX 167.50.

Tharisa Trading Down 0.8%

The stock’s 50 day simple moving average is GBX 103.06 and its two-hundred day simple moving average is GBX 96.32. The stock has a market capitalization of £357.58 million, a PE ratio of 4.69 and a beta of 0.90. The company has a debt-to-equity ratio of 14.70, a current ratio of 1.84 and a quick ratio of 1.80.

About Tharisa

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.