Royal Bank Of Canada Reaffirms “Outperform” Rating for Potash Co. of Saskatchewan Inc (POT)
Potash Co. of Saskatchewan Inc (TSE:POT) (NYSE:POT)‘s stock had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada in a research note issued on Friday, StockTargetPrices.com reports. They presently have a C$24.00 price objective on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 8.11% from the company’s current price.
Several other research firms also recently issued reports on POT. Raymond James Financial, Inc. boosted their price target on Potash Co. of Saskatchewan to C$26.00 and gave the company a “market perform” rating in a research note on Monday, May 1st. Scotiabank restated a “sector perform” rating and issued a C$27.00 price target on shares of Potash Co. of Saskatchewan in a research note on Friday, April 28th. Finally, TD Securities restated a “hold” rating and issued a C$24.00 price target on shares of Potash Co. of Saskatchewan in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of C$22.50.
Shares of Potash Co. of Saskatchewan (POT) traded up 0.63% on Friday, hitting $22.34. The company had a trading volume of 584,795 shares. The firm has a 50-day moving average price of $22.12 and a 200 day moving average price of $23.26. Potash Co. of Saskatchewan has a 12-month low of $19.93 and a 12-month high of $26.62. The company has a market capitalization of $18.77 billion and a P/E ratio of 47.53.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, June 30th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.80%.
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About Potash Co. of Saskatchewan
Potash Corporation of Saskatchewan Inc (PCS) is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. As of December 31, 2016, it owned and operated five potash operations in Saskatchewan and owned one in New Brunswick.
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