Riyadh-Mubasher: AlJazira Capital said Jarir Marketing Co.’s (JMC) Q4-15 net earnings reaching SAR 208.1 million were 8.3% below its estimate.
The research firm recommended ‘Overweight’ on the stock, lowering the price target to SAR 166.5, with upside potential of 37%.
The Saudi retailer recorded net earnings of SAR 208 million during the fourth quarter of 2015, a fall of 4.7% from SAR 206 million in the year-ago period.
