Riyadh – Mubasher: Aljazira Capital has set the price target (PT) for Saudi Kayan Petrochemical Co’s stock at SAR 15.8, with a ‘neutral’ recommendation.
The PT has been modified due to the disappointing earnings reported by the company for the first quarter of 2019, Aljazira Capital highlighted in a recent report.
It is worth noting that Saudi Kayan Petrochemical had turned to losses in Q1-19, incurring SAR 197.48 million, against a net profit of SAR 462.58 million in Q1-18.
