23 Hrs
Source:
معلومات مباشر
Research firm Keeps Neutral on Arab Cement
Saudi Arabian Cement Company maintained its "Neutral" recommendation with a target price of 26.7 SAR per share, amid weak financial performance in the second quarter of 2026 due to seasonal pressures and rising production costs. Despite a 48.3% annual profit growth, reaching 30.4 million SAR, results were below expectations, with profits down 49.2% compared to the first quarter, driven by declining sales, increased costs, and lower selling prices. However, the company experienced an improvement in margins and operating profits, and it is expected that stable selling prices and effective pricing management will boost profitability as market demand recovers. The company's stock has risen 10.65% since the beginning of 2026, but it is currently trading at an estimated forward P/E ratio of 10.4 times for 2026.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)