Royal Bank Of Canada Increases Potash Co. of Saskatchewan Inc (POT) Price Target to C$25.00
Potash Co. of Saskatchewan Inc (TSE:POT) had its price objective lifted by Royal Bank Of Canada from C$20.00 to C$25.00 in a report released on Tuesday, StockTargetPrices.com reports. Royal Bank Of Canada’s price target indicates a potential upside of 17.87% from the company’s current price.
Separately, TD Securities reduced their target price on shares of Potash Co. of Saskatchewan from C$17.00 to C$16.50 and set a “hold” rating on the stock in a report on Tuesday, July 19th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$24.79.
Potash Co. of Saskatchewan (TSE:POT) traded down 0.24% during mid-day trading on Tuesday, hitting $21.16. 391,236 shares of the stock traded hands. The company has a 50 day moving average of $21.64 and a 200-day moving average of $21.58. Potash Co. of Saskatchewan has a 12-month low of $19.93 and a 12-month high of $29.29. The stock has a market cap of $17.76 billion and a PE ratio of 26.12.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, October 7th. This represents a $0.40 dividend on an annualized basis and a yield of 1.89%.
About Potash Co. of Saskatchewan
Potash Corporation of Saskatchewan Inc is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. It owns and operates approximately five potash operations in Saskatchewan and one in New Brunswick.
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