What should be potash share price

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Question: Potash Corporation of Saskatchewan Inc. produces and sells fertilizers and related industrial and feed products worldwide. The company offers solid and liquid phosphate fertilizers, animal feed supplements; and industrial acid, which is used in food products and industrial processes. It also produces nitrogen fertilizers, as well as nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate, and nitric acid. The average industry PE ratio for Agriculture Chemical companies similar to Potash's is 24. What should be Potash's share price if earnings per share are projected to be $7?

Reference no: EM132048092

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