Brokerages Set Potash Co. of Saskatchewan Inc (TSE:POT) Target Price at $22.92
Potash Co. of Saskatchewan Inc (TSE:POT) has been assigned an average rating of “Buy” from the seven research firms that are presently covering the company. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$22.92.
A number of equities research analysts recently commented on the company. TD Securities decreased their price objective on Potash Co. of Saskatchewan from C$17.00 to C$16.50 and set a “hold” rating for the company in a research note on Tuesday, July 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$16.00 price objective on shares of Potash Co. of Saskatchewan in a research note on Wednesday, July 13th.
Shares of Potash Co. of Saskatchewan (TSE:POT) opened at 21.35 on Thursday. The stock has a market capitalization of $17.92 billion and a P/E ratio of 26.36. The stock’s 50 day moving average price is $21.58 and its 200 day moving average price is $21.73. Potash Co. of Saskatchewan has a one year low of $19.93 and a one year high of $29.29.
The firm also recently announced 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 annualized dividend and a yield of 1.87%.
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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