Sirius Minerals (LON:SXX) Price Target Cut to GBX 9 by Analysts at Liberum Capital
Sirius Minerals (LON:SXX) had its price target trimmed by Liberum Capital from GBX 40 ($0.52) to GBX 9 ($0.12) in a report released on Tuesday, Digital Look reports. The brokerage currently has a buy rating on the potash development company’s stock.
A number of other analysts also recently weighed in on SXX. Shore Capital reissued a house stock rating on shares of Sirius Minerals in a research report on Tuesday, August 6th. Berenberg Bank downgraded shares of Sirius Minerals to a hold rating and decreased their target price for the company from GBX 35 ($0.46) to GBX 17 ($0.22) in a research report on Wednesday, August 7th.
Sirius Minerals stock opened at GBX 4.32 ($0.06) on Tuesday. The business has a 50 day moving average of GBX 10.45 and a 200-day moving average of GBX 15.87. Sirius Minerals has a 1 year low of GBX 2.10 ($0.03) and a 1 year high of GBX 8,389 ($109.62). The company has a debt-to-equity ratio of 82.48, a current ratio of 1.24 and a quick ratio of 0.66. The company has a market capitalization of $302.39 million and a P/E ratio of 5.40.
About Sirius Minerals
Sirius Minerals Plc engages in the exploration and development of resource properties in the United Kingdom. The company focuses on the development of the Woodsmith mine that explores for polyhalite deposit, a multi-nutrient fertilizer containing potassium, sulphur, magnesium, and calcium resources located in North Yorkshire.
Further Reading: Fundamental Analysis
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