Aljazira Capital rates Yansab ‘neutral,’ raises TP to SAR 60.1

22/06/2015 Argaam

Yanbu National Petrochemical Company (Yansab) was rated “neutral” by Aljazira Capital on expected performance recovery in the third quarter, following resumed production of its plants in the second quarter after scheduled maintenance.

 

Aljazira raised the target price for the stock to SAR 60.1.

 

Yansab’s profit is expected to reach SAR 1.56 billion this year, and the company is likely to distribute SAR 2.5/share dividends, according to Aljazira. 

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