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

Tharisa (LON:THS)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a report issued on Thursday, Digital Look reports. They currently have a GBX 130 ($1.68) price target on the stock. Berenberg Bank’s price objective points to a potential upside of 60.02% from the company’s previous close.

Tharisa Stock Performance

THS stock opened at GBX 81.24 ($1.05) on Thursday. The stock has a 50-day moving average price of GBX 79.60 and a 200-day moving average price of GBX 67.31. Tharisa has a 1-year low of GBX 47 ($0.61) and a 1-year high of GBX 87.10 ($1.13). The company has a current ratio of 2.20, a quick ratio of 1.80 and a debt-to-equity ratio of 20.68. The firm has a market cap of £243.59 million, a PE ratio of 386.86 and a beta of 0.98.

About Tharisa

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.