Recently, analysts weighed in on the shares of Sociedad Quimica y Minera de Chile, in which they downgraded its shares to a rating of underperform from neutral based on a research note revealed January 30th. The company now has a stock price target of $24.70, while analysts at the JPMorgan & Chase Co. reiterated the company’s neutral rating based on a research note on January 16 making SQM a price target on stock amounting to $31, which is up from $30.
In connection, three investment analysts have assigned a hold grade or rating to the company while three analysts rated the stocks with a sell rating. The company now has a hold rating with a consensus $29.34 price target.
SQM has opened on the New York Stock Exchange at $24.69 on Monday, from a 1-year high of $36.25 and a 1-year low of $21.86, while moving average is valued at $24.27 for a 50-day period and $27.29 for a 200-day period. Therefore, the company’s market cap is now $6.498B with price-to-earnings ratio of $22.61.
SQM company is a Chile-based company involved in the plant nutrient production and chemical products. Let’s stay tuned for more updates about SQM and its future in the stock scene.