Berenberg Bank Lowers Sirius Minerals (SXX) Price Target to GBX 35

Sirius Minerals (LON:SXX) had its price objective cut by Berenberg Bank from GBX 40 ($0.52) to GBX 35 ($0.46) in a research note published on Tuesday, May 7th, Digital Look reports. They currently have a buy rating on the potash development company’s stock.

SXX has been the subject of a number of other research reports. Shore Capital restated a house stock rating on shares of Sirius Minerals in a report on Wednesday, May 1st. Liberum Capital reaffirmed a buy rating on shares of Sirius Minerals in a research report on Tuesday, January 15th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Sirius Minerals from GBX 45 ($0.59) to GBX 35 ($0.46) and set an overweight rating for the company in a research note on Thursday, January 31st.

SXX traded up GBX 0.19 ($0.00) during mid-day trading on Tuesday, reaching GBX 15.73 ($0.21). The stock had a trading volume of 20,475,205 shares, compared to its average volume of 16,970,000. Sirius Minerals has a 52 week low of GBX 14.94 ($0.20) and a 52 week high of GBX 39.78 ($0.52). The firm has a market capitalization of $1.09 billion and a price-to-earnings ratio of -39.33. The company has a debt-to-equity ratio of 70.43, a quick ratio of 0.99 and a current ratio of 1.10.

Sirius Minerals Company Profile

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.

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