Riyadh - Mubasher: Al-Rajhi Capital Research maintained their target price (TP) of Yanbu National Petrochemicals (Yansab) at SAR 55 per share, and reiterated their Neutral rating, according to a recent report.

Yansab reported broadly in-line Q4 results, as revenues came in at SAR 1,849 million, at par with the research firm estimates and around 7% higher than Q3 due to both higher sales volume and average product prices, the report indicated.

Despite sequential growth in revenue, gross profit fell by nearly 4% compared to the previous quarter, due to higher feedstock prices, added the report.