Potash Co. of Saskatchewan Inc (TSE:POT) (NYSE:POT) had its price objective lifted by equities researchers at TD Securities from C$17.00 to C$18.00 in a report released on Monday, StockTargetPrices.com reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential downside of 26.77% from the company’s previous close.
A number of other equities research analysts also recently weighed in on POT. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a C$17.00 target price on shares of Potash Co. of Saskatchewan in a report on Friday. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$25.00 target price on shares of Potash Co. of Saskatchewan in a report on Friday. Goldman Sachs Group, Inc. (The) lowered their target price on Potash Co. of Saskatchewan from C$17.00 to C$16.00 in a report on Friday. Scotiabank reiterated a “sector perform” rating and issued a C$20.00 target price on shares of Potash Co. of Saskatchewan in a report on Friday. Finally, Cowen and Company boosted their price objective on Potash Co. of Saskatchewan from C$15.00 to C$18.00 and gave the company an “underperform” rating in a report on Tuesday, January 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Potash Co. of Saskatchewan currently has an average rating of “Hold” and an average price target of C$22.13.
Potash Co. of Saskatchewan (TSE:POT) opened at 24.58 on Monday. The firm has a market cap of $20.64 billion and a P/E ratio of 61.45. The firm’s 50-day moving average price is $24.72 and its 200-day moving average price is $22.75. Potash Co. of Saskatchewan has a 52-week low of $19.93 and a 52-week high of $26.62.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 2nd. Stockholders of record on Friday, March 31st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.63%.
In related news, Director Gerald Wayne Grandey bought 2,300 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The shares were bought at an average price of C$21.70 per share, with a total value of C$49,910.00. Also, Director Keith Martell sold 2,100 shares of Potash Co. of Saskatchewan stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of C$21.42, for a total value of C$44,982.00.
Potash Co. of Saskatchewan Company Profile
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.