Tharisa (LON:THS) PT Lowered to GBX 120 at Berenberg Bank

Tharisa (LON:THS) had its price target reduced by Berenberg Bank from GBX 130 ($1.65) to GBX 120 ($1.53) in a research note published on Thursday, Marketbeat.com reports. Berenberg Bank currently has a buy rating on the stock.

Tharisa Price Performance

LON THS opened at GBX 76.50 ($0.97) on Thursday. Tharisa has a one year low of GBX 47 ($0.60) and a one year high of GBX 94 ($1.19). The stock has a 50-day moving average of GBX 65.86 and a 200 day moving average of GBX 62.17. The company has a market capitalization of £229.38 million, a price-to-earnings ratio of 364.29 and a beta of 0.98. The company has a debt-to-equity ratio of 20.68, a quick ratio of 1.80 and a current ratio of 2.20.

Tharisa Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Thursday, June 13th will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, June 13th. This represents a dividend yield of 1.56%. Tharisa’s dividend payout ratio is currently 1,904.76%.

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.