Analysts Offer Insights on Materials Companies: Nutrien (NTR) and Mineral Resources Limited (OtherMALRF)
There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Nutrien (NTR – Research Report) and Mineral Resources Limited (MALRF – Research Report) with bullish sentiments.
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Nutrien (NTR)
In a report released yesterday, Aron Ceccarelli from Berenberg Bank maintained a Buy rating on Nutrien, with a price target of $60.00. The company’s shares closed last Monday at $60.22, close to its 52-week high of $60.87.
According to TipRanks.com, Ceccarelli is a 2-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nutrien with a $60.88 average price target, a 2.8% upside from current levels. In a report issued on May 27, TD Cowen also maintained a Buy rating on the stock with a $67.00 price target.
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Mineral Resources Limited (MALRF)
In a report issued on June 1, Kaan Peker from RBC Capital maintained a Buy rating on Mineral Resources Limited, with a price target of A$39.00. The company’s shares closed last Monday at $15.50, close to its 52-week low of $13.30.
According to TipRanks.com, Peker ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of
Currently, the analyst consensus on Mineral Resources Limited is a Moderate Buy with an average price target of $17.23, representing an 11.2% upside. In a report issued on May 20, UBS also maintained a Buy rating on the stock with a A$26.10 price target.
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