Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Royal Bafokeng Platinum Rated New ‘Hold’ at Renaissance BJM

Don't Miss Out —
Follow us on:

Dec. 3 (Bloomberg) -- Royal Bafokeng Platinum Ltd, a South African producer of the metal, was rated “hold” with a price estimate of 68 rand a share in new coverage at Renaissance BJM, a unit of Moscow-based Renaissance Capital Ltd.

“The company was the target of two pre-listing bids and we believe potential corporate action will provide a valuable underpin to its share price,” Johannesburg-based analyst Emma Townshend wrote in an e-mailed report to clients dated today. Northam Platinum Ltd. and Aquarius Platinum Ltd. “provide better near-term growth and are cheaper on relative valuation multiples,” according to Townshend.

Link to Company News:{RBP SJ <Equity> CN <GO>}

To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.