Berenberg Bank reissued their buy rating on shares of Tharisa (LON:THS - Free Report) in a research note issued to investors on Thursday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 120 ($1.53) target price on the stock.
Tharisa Trading Up 1.5 %
LON THS traded up GBX 1 ($0.01) during mid-day trading on Thursday, hitting GBX 69 ($0.88). The company's stock had a trading volume of 286,639 shares, compared to its average volume of 253,142. The firm has a market capitalization of £203.69 million, a P/E ratio of 328.57 and a beta of 0.90. The company has a debt-to-equity ratio of 15.84, a current ratio of 2.07 and a quick ratio of 1.80. Tharisa has a 52-week low of GBX 47 ($0.60) and a 52-week high of GBX 87.10 ($1.11). The stock's fifty day simple moving average is GBX 69.89 and its two-hundred day simple moving average is GBX 75.63.
Tharisa Increases Dividend
The company also recently announced a dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.03 per share. This is a boost from Tharisa's previous dividend of $0.02. This represents a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, February 27th. Tharisa's payout ratio is presently 952.38%.
About Tharisa
(
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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.
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