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NBO assigns sell rating to Sohar Power

NBO assigns sell rating to Sohar Power
National Bank of Oman - (Photo Credit: Arabianeye-Reuters)
Sohar Power
SHPS
0.00% 0.02 0.00

Mubasher: The National Bank of Oman recommended Sell rating on Sohar Power, with a price target (PT) of OMR 0.234 per share, according to a report by the bank’s Investment Banking Division.

The report said that the price target is 9.3% less that the market value, due to the downward trend the stock has been on, nearing its lowest level in a year.