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Potash Corp (NYSE:POT) price target upped to $24.25, issued a ratings update earlier today by HSBC Securities

Yesterday Potash Corp (NYSE:POT) traded 0.21% higher at $19.08. The company’s 50-day moving average is $18.39 and its 200-day moving average is $17.28. The last stock close price is up 10.07% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 821,484 shares of the stock were exchanged, down from an average trading volume of 4,347,840

Stating a potential upside of 0.27%, HSBC Securities increased the stock price target of Potash Corp (NYSE:POT) to $24.25

See Chart Below

Potash Corp (NYSE:POT)

Potash Corp has a 52 week low of $15.72 and a 52 week high of $20.26 with a P/E ratio of 32.79 The company’s market cap is currently $0.

In addition to HSBC Securities reporting its target price, a total of 25 firms have reported on the stock. The consensus target price is $17.21 with 4 firms rating the stock a strong buy, 3 firms rating the stock a buy, 14 firms rating the stock a hold, 6 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Potash Corp (NYSE:POT)

Potash Corporation of Saskatchewan Inc. (PCS) is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. As of December 31, 2016, it owned and operated five potash operations in Saskatchewan and owned one in New Brunswick. Its nitrogen operations involve the production of nitrogen fertilizers and nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia, Louisiana, Ohio and Trinidad. Its phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers, phosphate feed and industrial acid, which is used in food products and industrial processes. It has phosphate mines and mineral processing plant complexes in Florida and North Carolina. As of December 31, 2016, the Company had four phosphate feed plants in the United States.

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