SSAB AB (publ) (OTCMKTS:SSAAY) Stock Rating Reaffirmed by UBS Group

SSAB AB (publ) (OTCMKTS:SSAAY)‘s stock had its “buy” rating reiterated by investment analysts at UBS Group in a research report issued to clients and investors on Thursday, The Fly reports.

Several other equities analysts have also commented on SSAAY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SSAB AB (publ) in a report on Tuesday, June 29th. Oddo Bhf raised SSAB AB (publ) from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 23rd. Zacks Investment Research lowered SSAB AB (publ) from a “buy” rating to a “hold” rating in a report on Saturday, July 17th. Morgan Stanley reissued an “overweight” rating on shares of SSAB AB (publ) in a report on Tuesday, June 22nd. Finally, Citigroup reissued a “buy” rating on shares of SSAB AB (publ) in a report on Tuesday, April 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $3.00.

Shares of SSAB AB (publ) stock traded up $0.29 during trading hours on Thursday, reaching $2.75. 850 shares of the company were exchanged, compared to its average volume of 1,034. SSAB AB has a 1 year low of $1.44 and a 1 year high of $3.02. The firm has a fifty day moving average of $2.57. The company has a current ratio of 1.64, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 45.83 and a beta of 1.23.

SSAB AB (publ) (OTCMKTS:SSAAY) last posted its quarterly earnings data on Monday, April 26th. The basic materials company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. SSAB AB (publ) had a return on equity of 1.66% and a net margin of 1.42%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. As a group, sell-side analysts forecast that SSAB AB will post 0.61 earnings per share for the current year.

About SSAB AB (publ)

SSAB AB engages in producing steel and construction solutions. It operates through the following five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor and Ruukki Construction. The SSAB Special Steels segment market and sell quenched and tempered steels and hot rolled. The SSAB Europe segment focuses in the strip, plate, and tubular products.

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Analyst Recommendations for SSAB AB (publ) (OTCMKTS:SSAAY)

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