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Research firm sets PT for Saudi Kayan at SAR15.8

Research firm sets PT for Saudi Kayan at SAR15.8
The PT has been modified due to the disappointing earnings
SAUDI KAYAN
2350
-1.13% 10.46 -0.12

Riyadh – Mubasher: Aljazira Capital has set the price target (PT) for Saudi Kayan Petrochemical Co’s stock at SAR 15.8, with a ‘neutral’ recommendation.

The PT has been modified due to the disappointing earnings reported by the company for the first quarter of 2019, Aljazira Capital highlighted in a recent report.

It is worth noting that Saudi Kayan Petrochemical had turned to losses in Q1-19, incurring SAR 197.48 million, against a net profit of SAR 462.58 million in Q1-18.