Tharisa (THS) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Tharisa (LON:THS) in a research note published on Wednesday, Digital Look reports. The brokerage currently has a GBX 150 ($1.96) target price on the stock.

Separately, Peel Hunt reaffirmed a buy rating on shares of Tharisa in a research note on Friday, May 10th.

THS traded down GBX 1.48 ($0.02) on Wednesday, hitting GBX 106.02 ($1.39). 1,048 shares of the company traded hands, compared to its average volume of 15,153. The company has a quick ratio of 1.76, a current ratio of 2.05 and a debt-to-equity ratio of 25.95. The company has a market cap of $276.61 million and a PE ratio of 5.89. Tharisa has a 12-month low of GBX 84 ($1.10) and a 12-month high of GBX 121.94 ($1.59).

The business also recently disclosed a dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.01 per share. This represents a yield of 0.36%. The ex-dividend date is Thursday, June 6th. Tharisa’s dividend payout ratio is presently 0.17%.

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 China, South Africa, Singapore, Hong Kong, and internationally. The company operates through three segments: PGM, Chrome, and Agency and Trading.

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