J.P. Morgan analyst Dominic OKane maintained a Buy rating on SSAB Corporation (0KII – Research Report) on June 20 and set a price target of SEK91.00. The company’s shares closed last Thursday at SEK55.63.
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According to TipRanks, OKane is a 4-star analyst with an average return of 5.0% and a 50.54% success rate. OKane covers the Basic Materials sector, focusing on stocks such as Rio Tinto, ArcelorMittal, and SSAB Corporation.
Currently, the analyst consensus on SSAB Corporation is a Hold with an average price target of SEK65.83.
Based on SSAB Corporation’s latest earnings release for the quarter ending March 30, the company reported a quarterly revenue of SEK25.52 billion and a net profit of SEK1.13 billion. In comparison, last year the company earned a revenue of SEK27.15 billion and had a net profit of SEK2.57 billion
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