Aljazira Capital said that it has maintained an "overweight" rating for National Industrialization Co. (Tasnee), despite the company's disappointing set of results for Q1-2015.
The petrochemical producer suffered a net loss of SAR 332.5 million for the first quarter, completely missing market forecasts of SAR 164.8 million in net profit.
Tasnee's target price
was
set at SAR 31.9, the investment bank added.
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