Equities researchers at Bank of America initiated coverage on shares of Nutrien (NYSE:NTR) in a research note issued on Friday, Marketbeat.com reports. The brokerage set an “underperform” rating and a $50.00 price target on the stock. Bank of America’s target price indicates a potential downside of 9.99% from the company’s previous close.
Several other equities research analysts have also recently issued reports on NTR. UBS Group reissued a “buy” rating on shares of Nutrien in a research report on Wednesday. Sanford C. Bernstein assumed coverage on shares of Nutrien in a research report on Wednesday. They issued an “outperform” rating for the company. BMO Capital Markets assumed coverage on shares of Nutrien in a research report on Wednesday. They issued a “market perform” rating and a $54.00 price objective for the company. Cowen reissued an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a research report on Thursday. Finally, Macquarie assumed coverage on shares of Nutrien in a research report on Friday. They issued an “outperform” rating and a $59.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $56.00.
Nutrien (NYSE NTR) traded up $0.19 during mid-day trading on Friday, hitting $55.55. 1,988,200 shares of the company were exchanged, compared to its average volume of 1,817,867. Nutrien has a 52-week low of $51.81 and a 52-week high of $55.90.
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