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

Tharisa (LON:THS)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a report released on Thursday, Marketbeat reports. They presently have a GBX 210 target price on the stock. Berenberg Bank’s price target points to a potential upside of 49.47% from the stock’s previous close.

Separately, Peel Hunt reissued a “buy” rating and set a GBX 135 price objective on shares of Tharisa in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 172.50.

Tharisa Stock Performance

Shares of LON:THS opened at GBX 140.50 on Thursday. The firm’s 50 day simple moving average is GBX 117.70 and its 200-day simple moving average is GBX 102.81. The company has a debt-to-equity ratio of 14.70, a quick ratio of 1.80 and a current ratio of 1.84. Tharisa has a one year low of GBX 48.68 and a one year high of GBX 148. The firm has a market cap of £411.81 million, a PE ratio of 5.40 and a beta of 0.90.

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.