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 upped by research analysts at Royal Bank Of Canada from C$20.00 to C$25.00 in a report released on Tuesday. Royal Bank Of Canada’s price target suggests a potential upside of 17.87% from the company’s previous close.
Separately, TD Securities dropped their target price on shares of Potash Co. of Saskatchewan from C$16.50 to C$15.50 and set a “hold” rating on the stock in a research report on Friday, July 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$24.79.
Potash Co. of Saskatchewan (TSE:POT) traded down 0.24% during trading on Tuesday, reaching $21.16. 391,236 shares of the company traded hands. Potash Co. of Saskatchewan has a 52 week low of $19.93 and a 52 week high of $29.29. The company has a market capitalization of $17.76 billion and a P/E ratio of 26.12. The firm has a 50-day moving average price of $21.64 and a 200-day moving average price of $21.58.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, October 7th.
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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