Brokerages Set Potash Co. of Saskatchewan Inc (TSE:POT) Target Price at $22.92

Shares of Potash Co. of Saskatchewan Inc (TSE:POT) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$22.92.

POT has been the subject of several research reports. TD Securities reduced their target price on Potash Co. of Saskatchewan from C$16.50 to C$15.50 and set a “hold” rating for the company in a research note on Friday, July 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$16.00 price target on shares of Potash Co. of Saskatchewan in a research report on Wednesday, July 13th.

Shares of Potash Co. of Saskatchewan (TSE:POT) opened at 21.35 on Thursday. The company’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 12-month low of $19.93 and a 12-month high of $29.29. The company has a market cap of $17.92 billion and a price-to-earnings ratio of 26.36.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, October 7th. This represents a $0.40 annualized dividend and a dividend 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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