Sylvania Platinum's (SLP) "Buy" Rating Reiterated at Berenberg Bank

Sylvania Platinum (LON:SLP - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Berenberg Bank in a report issued on Wednesday,Digital Look reports. They currently have a GBX 166 price target on the stock. Berenberg Bank's price target suggests a potential upside of 71.13% from the stock's previous close.Get Sylvania Platinum alerts:Sylvania Platinum Price PerformanceShares of LON SLP opened at GBX 97 on Wednesday. Sylvania Platinum has a 1-year low of GBX 45 and a 1-year high of GBX 130. The business has a 50-day moving average of GBX 102.46 and a 200-day moving average of GBX 99.66. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.30 and a quick ratio of 15.92. The company has a market capitalization of £251.65 million, a price-to-earnings ratio of 6.96, a PEG ratio of 0.05 and a beta of 1.77. Sylvania Platinum announced that its Board of Directors has authorized a stock buyback program on Monday, March 23rd that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued. Insider Buying and SellingIn other Sylvania Platinum news, insider Martin Preece purchased 65,100 shares of the business's stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average price of GBX 84 per share, for a total transaction of £54,684. Also, insider Johannes Jacobus Prinsloo sold 349,250 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of GBX 126, for a total value of £440,055. Insiders own 4.80% of the company's stock. About Sylvania Platinum (Get Free Report)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.Further ReadingFive stocks we like better than Sylvania PlatinumThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Sylvania Platinum Right Now?Before you consider Sylvania Platinum, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sylvania Platinum wasn't on the list.While Sylvania Platinum currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here