Sirius Minerals (SXX) Given “Overweight” Rating at JPMorgan Chase & Co.

Sirius Minerals (LON:SXX)‘s stock had its “overweight” rating reissued by research analysts at JPMorgan Chase & Co. in a note issued to investors on Monday, January 15th. They currently have a GBX 45 ($0.63) target price on the potash development company’s stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 102.89% from the company’s previous close.

Several other analysts have also issued reports on SXX. Liberum Capital reiterated a “buy” rating and issued a GBX 60 ($0.84) target price on shares of Sirius Minerals in a research report on Friday, September 29th. Shore Capital reiterated a “buy” rating on shares of Sirius Minerals in a research report on Friday, September 29th.

Sirius Minerals (LON SXX) traded down GBX 1.46 ($0.02) on Monday, reaching GBX 22.18 ($0.31). 22,490,824 shares of the company’s stock were exchanged, compared to its average volume of 8,300,000. Sirius Minerals has a one year low of GBX 16.75 ($0.23) and a one year high of GBX 35.50 ($0.50). The stock has a market capitalization of $980.10 and a PE ratio of -554.50.

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About Sirius Minerals

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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