Sirius Minerals PLC’s “Outperform” Rating Reaffirmed at Macquarie (SXX)
Sirius Minerals PLC (LON:SXX)‘s stock had its “outperform” rating reaffirmed by equities researchers at Macquarie in a research report issued on Thursday, American Banking News reports. They currently have a GBX 26 ($0.42) price objective on the stock. Macquarie’s target price would indicate a potential upside of 162.63% from the company’s current price.
Shares of Sirius Minerals PLC (LON:SXX) remained flat at GBX 9.80 during during mid-day trading trading on Thursday. 419,791 shares of the company’s stock traded hands. Sirius Minerals PLC has a 1-year low of GBX 9.00 and a 1-year high of GBX 30.00. The stock has a 50-day moving average of GBX 13.31 and a 200-day moving average of GBX 21.24.
A number of other analysts have also recently weighed in on SXX. Analysts at Jefferies Group reiterated an “underperform” rating on shares of Sirius Minerals PLC (LON:SXX) in a research note to investors on Monday, September 9th. They now have a GBX 9 ($0.14) price target on the stock. Separately, analysts at Citigroup Inc. cut their price target on shares of Sirius Minerals PLC (LON:SXX) from GBX 80 ($1.28) to GBX 60 ($0.96) in a research note to investors on Tuesday, August 13th. They now have a “buy” rating on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Sirius Minerals PLC (LON:SXX) in a research note to investors on Friday, August 9th.
Sirius Minerals Plc is a diversified potash development company with properties in the United Kingdom, Australia and North America.
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