Tharisa (LON:THS) Given Buy Rating at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Tharisa (LON:THS) in a report issued on Wednesday morning, MarketBeat reports. Berenberg Bank currently has a GBX 130 ($1.65) target price on the stock.

Tharisa Stock Performance

Shares of THS stock opened at GBX 66.38 ($0.84) on Wednesday. The stock has a market cap of £199.15 million, a P/E ratio of 300.00 and a beta of 0.97. The company has a debt-to-equity ratio of 20.68, a current ratio of 2.20 and a quick ratio of 1.80. The company has a fifty day moving average price of GBX 56.36 and a two-hundred day moving average price of GBX 61.11. Tharisa has a one year low of GBX 47 ($0.59) and a one year high of GBX 104 ($1.32).

Tharisa Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 29th were paid a $0.02 dividend. This represents a yield of 2.62%. The ex-dividend date of this dividend was Thursday, February 29th. Tharisa’s dividend payout ratio is currently 1,818.18%.

Tharisa Company Profile

Tharisa plc, an investment holding company, engages in the mining, processing, beneficiation, marketing, sale, and logistics of platinum group metals (PGM) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United States, Australia, Japan, and internationally. It operates through four segments: PGM, Chrome, Agency and Trading, and Manufacturing.