SSAB AB (publ) (OTCMKTS:SSAAY) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

SSAB AB (publ) (OTCMKTS:SSAAY) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

Several other research firms have also issued reports on SSAAY. JPMorgan Chase & Co. reissued an “overweight” rating on shares of SSAB AB (publ) in a report on Thursday, July 22nd. UBS Group reissued a “buy” rating on shares of SSAB AB (publ) in a report on Thursday, July 22nd. Morgan Stanley reissued an “overweight” rating on shares of SSAB AB (publ) in a report on Monday, July 26th. Oddo Bhf raised shares of SSAB AB (publ) from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 23rd. Finally, Zacks Investment Research lowered shares of SSAB AB (publ) from a “buy” rating to a “hold” rating in a report on Thursday, September 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, SSAB AB (publ) has a consensus rating of “Buy” and a consensus price target of $3.25.

OTCMKTS SSAAY opened at $2.63 on Wednesday. SSAB AB has a 52 week low of $1.50 and a 52 week high of $3.11. The firm has a market capitalization of $5.42 billion, a P/E ratio of 10.12 and a beta of 1.23. The company has a quick ratio of 0.90, a current ratio of 1.71 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $2.74 and a 200-day moving average price of $2.63.

SSAB AB (publ) (OTCMKTS:SSAAY) last released its quarterly earnings results on Wednesday, July 21st. The basic materials company reported $0.19 EPS for the quarter. SSAB AB (publ) had a net margin of 5.92% and a return on equity of 7.80%. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.88 billion. As a group, equities research analysts anticipate that SSAB AB will post 0.66 EPS for the current year.

SSAB AB (publ) Company Profile

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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