PotashCorp Shares Receive “Hold” Recommendation

Potash Corporation of Saskatchewan Inc. (TSX:POT,NYSE:POT) shares received a “Hold” recommendation from 19 ratings firms presently covering the stock. Three analysts rated the stock with a “Sell” recommendation, 14 issued a “Hold” recommendation and one has given a “Buy” recommendation to the company.

As quoted in the market news:

Shares of Potash Corp./Saskatchewan (NYSE:POT) have been given a consensus recommendation of “Hold” by the nineteen ratings firms that are presently covering the stock, Stock Ratings Network.com reports … The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $34.63.

Shares of Potash Corp./Saskatchewan (NYSE:POT) traded up 0.45% during mid-day trading on Wednesday, hitting $33.61. The stock had a trading volume of 1,423,400 shares. Potash Corp./Saskatchewan has a 1-year low of $30.09 and a 1-year high of $38.58. The stock has a 50-day moving average of $33.19 and a 200-day moving average of $35.25. The company has a market cap of $27.886 billion and a price-to-earnings ratio of 20.98. Potash Corp./Saskatchewan also was the recipient of a large decrease in short interest in the month of October… Based on an average trading volume of 4,617,055 shares, the days-to-cover ratio is presently 3.7 days.

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