J P Morgan Chase & Co Reaffirms “Overweight” Rating for Sirius Minerals PLC (SXX)
Sirius Minerals PLC (LON:SXX)‘s stock had its “overweight” rating reaffirmed by J P Morgan Chase & Co in a report released on Friday, June 30th. They currently have a GBX 45 ($0.58) price objective on the potash development company’s stock. J P Morgan Chase & Co’s price target points to a potential upside of 54.11% from the stock’s current price.
A number of other brokerages have also weighed in on SXX. Shore Capital restated a “buy” rating on shares of Sirius Minerals PLC in a research note on Monday, March 13th. Liberum Capital restated a “buy” rating and set a GBX 60 ($0.78) price target on shares of Sirius Minerals PLC in a research note on Monday, June 19th.
Shares of Sirius Minerals PLC (LON:SXX) opened at 29.20 on Friday. Sirius Minerals PLC has a 12-month low of GBX 16.75 and a 12-month high of GBX 52.50. The firm has a 50-day moving average of GBX 30.62 and a 200-day moving average of GBX 22.56. The firm’s market capitalization is GBX 1.22 billion.
About Sirius Minerals PLC
Sirius Mineral Plc is a United Kingdom-based resource development company. The Company is focused on the development of a polyhalite deposit located in North Yorkshire, the United Kingdom. The Company’s focus is on developing a multi-nutrient product, POLY4, to be used as a direct-application fertilizer and as a component in nitrogen, phosphorus and potassium (NPK) blending.
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