Liberum Capital Trims Sirius Minerals (LON:SXX) Target Price to GBX 9

Sirius Minerals (LON:SXX) had its price target decreased by Liberum Capital from GBX 40 ($0.52) to GBX 9 ($0.12) in a research report report published on Tuesday, Digital Look reports. Liberum Capital currently has a buy rating on the potash development company’s stock.

SXX has been the subject of a number of other research reports. Berenberg Bank lowered Sirius Minerals to a hold rating and reduced their target price for the stock from GBX 35 ($0.46) to GBX 17 ($0.22) in a research note on Wednesday, August 7th. Shore Capital restated a house stock rating on shares of Sirius Minerals in a research note on Tuesday, August 6th.

Shares of SXX stock opened at GBX 4.39 ($0.06) on Tuesday. The firm has a market capitalization of $309.96 million and a price-to-earnings ratio of 5.49. 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 business has a fifty day moving average of GBX 10.66 and a 200 day moving average of GBX 15.95. Sirius Minerals has a 1 year low of GBX 2.10 ($0.03) and a 1 year high of GBX 8,389 ($109.62).

In other news, insider Christopher N. Fraser bought 250,000 shares of Sirius Minerals stock in a transaction that occurred on Wednesday, September 18th. The stock was bought at an average price of GBX 4 ($0.05) per share, for a total transaction of £10,000 ($13,066.77).

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.

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