Sylvania Platinum (LON:SLP) Downgraded by Royal Bank Of Canada to “Outperform”

Sylvania Platinum (LON:SLP) was downgraded by research analysts at Royal Bank Of Canada to an “outperform” rating in a note issued to investors on Monday,London Stock Exchange reports. They presently have a GBX 165 target price on the stock, down from their previous target price of GBX 170. Royal Bank Of Canada’s target price would indicate a potential upside of 120.44% from the company’s previous close.

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

Sylvania Platinum Stock Performance

Shares of SLP stock opened at GBX 74.85 on Monday. Sylvania Platinum has a 1-year low of GBX 67 and a 1-year high of GBX 130. The company has a current ratio of 5.30, a quick ratio of 15.92 and a debt-to-equity ratio of 0.36. The company has a market capitalization of £193.73 million, a price-to-earnings ratio of 5.37, a P/E/G ratio of 0.05 and a beta of 1.76. The stock’s fifty day simple moving average is GBX 88.23 and its 200-day simple moving average is GBX 99.66.

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.