SSAB AB (publ) (OTCMKTS:SSAAY) Given New SEK 50 Price Target at JPMorgan Chase & Co.

SSAB AB (publ) (OTCMKTS:SSAAYGet Rating) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from SEK 49 to SEK 50 in a research report issued on Thursday, The Fly reports. The brokerage presently has an “underweight” rating on the basic materials company’s stock.

Several other research firms have also recently issued reports on SSAAY. Oddo Bhf upgraded shares of SSAB AB (publ) from an “underperform” rating to a “neutral” rating in a research report on Friday, October 21st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of SSAB AB (publ) from SEK 63 to SEK 68 and gave the company a “hold” rating in a research report on Wednesday. Danske cut shares of SSAB AB (publ) from a “hold” rating to a “sell” rating in a research report on Thursday, December 22nd. Finally, Morgan Stanley dropped their price target on shares of SSAB AB (publ) from SEK 80 to SEK 79 and set an “overweight” rating for the company in a research report on Thursday, December 15th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $69.25.

SSAB AB (publ) Price Performance

SSAB AB (publ) stock opened at $3.19 on Thursday. SSAB AB has a 12-month low of $2.03 and a 12-month high of $4.03. The stock has a market cap of $6.57 billion, a P/E ratio of 2.57 and a beta of 1.29. The company has a 50-day moving average price of $2.84 and a 200 day moving average price of $2.54. The company has a current ratio of 2.35, a quick ratio of 1.11 and a debt-to-equity ratio of 0.06.

SSAB AB (publ) (OTCMKTS:SSAAYGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter. SSAB AB (publ) had a net margin of 19.57% and a return on equity of 28.09%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Sell-side analysts anticipate that SSAB AB will post 1 earnings per share for the current year.

SSAB AB (publ) Company Profile

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SSAB AB (publ) produces and sells steel products in the United States, Sweden, Finland, Germany, Denmark, and internationally. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The SSAB Special Steels segment offers quenched and tempered steels, and hot-rolled advanced high-strength steel products.

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