Royal Bank of Canada Initiates Coverage on Nutrien (NTR)

Royal Bank of Canada assumed coverage on shares of Nutrien (NYSE:NTR) in a research report sent to investors on Monday, January 8th, Marketbeat Ratings reports. The firm issued an outperform rating and a $60.00 target price on the stock.

NTR has been the topic of several other research reports. Bank of America started coverage on Nutrien in a research note on Friday, January 5th. They set an underperform rating and a $50.00 price target on the stock. Raymond James Financial initiated coverage on Nutrien in a research note on Friday, January 5th. They set a market perform rating and a $60.00 price target on the stock. Macquarie initiated coverage on Nutrien in a research note on Friday, January 5th. They set an outperform rating and a $59.00 price target on the stock. Credit Suisse Group initiated coverage on Nutrien in a report on Friday, January 5th. They set a neutral rating and a $53.00 target price for the company. Finally, Cowen reaffirmed an outperform rating and set a $60.00 target price on shares of Nutrien in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Nutrien currently has an average rating of Buy and an average price target of $59.08.

Shares of Nutrien (NYSE:NTR) opened at $52.34 on Monday. The stock has a market capitalization of $17,824.92, a price-to-earnings ratio of 42.43, a P/E/G ratio of 2.13 and a beta of 0.46. Nutrien has a 52-week low of $51.51 and a 52-week high of $56.18. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.99 and a quick ratio of 0.50.

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Analyst Recommendations for Nutrien (NYSE:NTR)

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