SSAB AB (publ)’s (SSAAY) Overweight Rating Reaffirmed at Barclays

SSAB AB (publ) (OTCMKTS:SSAAY)‘s stock had its “overweight” rating reaffirmed by Barclays in a report issued on Thursday, The Fly reports.

Several other equities research analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SSAB AB (publ) in a research note on Tuesday, June 29th. Citigroup reissued a “buy” rating on shares of SSAB AB (publ) in a research report on Tuesday, April 27th. Morgan Stanley reissued an “overweight” rating on shares of SSAB AB (publ) in a research report on Tuesday, June 22nd. Oddo Bhf raised shares of SSAB AB (publ) from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 23rd. Finally, JPMorgan Chase & Co. raised shares of SSAB AB (publ) from a “neutral” rating to an “overweight” rating in a research report on Thursday, July 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $3.00.

Shares of OTCMKTS SSAAY traded up $0.29 during mid-day trading on Thursday, hitting $2.75. The company had a trading volume of 850 shares, compared to its average volume of 1,034. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 1.64. The firm’s 50-day moving average price is $2.57. SSAB AB has a 12 month low of $1.44 and a 12 month high of $3.02. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 45.83 and a beta of 1.23.

SSAB AB (publ) (OTCMKTS:SSAAY) last released its earnings results on Monday, April 26th. The basic materials company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.03. SSAB AB (publ) had a net margin of 1.42% and a return on equity of 1.66%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Analysts anticipate that SSAB AB will post 0.61 EPS for the current fiscal year.

SSAB AB (publ) Company Profile

SSAB AB engages in producing steel and construction solutions. It operates through the following five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor and Ruukki Construction. The SSAB Special Steels segment market and sell quenched and tempered steels and hot rolled. The SSAB Europe segment focuses in the strip, plate, and tubular products.

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Analyst Recommendations for SSAB AB (publ) (OTCMKTS:SSAAY)

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