Potash Corporation (POT) is attracting some more bids into the last 45 minutes of trading as the equity continues to climb towards its early intra-day highs near the $61.50 -$62.00 levels. POT has next resistance at $62.38.
From a valuation perspective, Potash shares trade at a 2.79x on a price to sales basis. The ticker has a trailing P/E of 30.76, a forward P/E of 51.25 and a P/E to Growth ratio of 11.30. The median Wall Street price target on the stock is $64.33 with a high target of $198.00.
At last check, POT was up $1.33, or 2.22%, to $61.33. Day’s range: $60.70 – $62.08 ; 52wk range: $27.95 – $63.97. Volume: 9.6 million shares traded as of 3:15 p.m. EST vs 12.5 million daily (3m) average.