Berenberg Bank Reiterates Buy Rating for Tharisa (LON:THS)

Tharisa (LON:THS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research note issued to investors on Thursday, Marketbeat reports. They currently have a GBX 130 ($1.70) target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 154.90% from the company’s previous close.

Tharisa Price Performance

THS stock opened at GBX 51 ($0.67) on Thursday. The company has a market capitalization of £184.47 million, a PE ratio of 2.33 and a beta of 0.90. 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’s 50 day moving average is GBX 58.54 and its two-hundred day moving average is GBX 64.18. Tharisa has a 52-week low of GBX 48.68 ($0.64) and a 52-week high of GBX 87.10 ($1.14).

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.