J P Morgan Chase & Co Reaffirms Overweight Rating for Sirius Minerals PLC (SXX)

J P Morgan Chase & Co reaffirmed their overweight rating on shares of Sirius Minerals PLC (LON:SXX) in a research note released on Friday morning. They currently have a GBX 45 ($0.59) target price on the potash development company’s stock.

Several other brokerages have also issued reports on SXX. Shore Capital reissued a buy rating on shares of Sirius Minerals PLC in a report on Thursday, June 29th. Liberum Capital reissued a buy rating and set a GBX 60 ($0.79) price objective on shares of Sirius Minerals PLC in a report on Monday, July 3rd.

Shares of Sirius Minerals PLC (SXX) traded up 0.04% during mid-day trading on Friday, hitting GBX 27.21. The stock had a trading volume of 5,196,813 shares. The stock’s market cap is GBX 1.19 billion. The company’s 50 day moving average is GBX 25.85 and its 200-day moving average is GBX 27.90. Sirius Minerals PLC has a 52-week low of GBX 16.75 and a 52-week high of GBX 42.00.

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In other Sirius Minerals PLC news, insider Elizabeth Noel Harwerth acquired 7,373 shares of the business’s stock in a transaction that occurred on Monday, September 4th. The shares were bought at an average cost of GBX 27 ($0.36) per share, with a total value of £1,990.71 ($2,626.96).

About Sirius Minerals PLC

Sirius Mineral Plc is a United Kingdom-based resource development company. The Company is focused on the development of a polyhalite deposit located in North Yorkshire, the United Kingdom. The Company’s focus is on developing a multi-nutrient product, POLY4, to be used as a direct-application fertilizer and as a component in nitrogen, phosphorus and potassium (NPK) blending.

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