2023-06-13 11:05:22
A monitoring conducted by the “Mal” newspaper revealed the recommendation of a number of research companies to increase the weight of the shares of 22 companies listed on the Saudi stock market “Tadawul” during the elapsed period of the first quarter of this year, including 20 companies that have not yet reached the target price for their shares, while M Company has exceeded IS and Sasco price target.
According to the monitoring, Jazz topped the companies in terms of not reaching the target price of 95 riyals per share, as GI Capital recommended last May 25 to increase the weight of the company’s share, and the share price at that time was 75 riyals per share, while the current share price is at the close of Monday, corresponding to June 12, 2023 at 74 riyals per share, down 28.4% from the target price per share
The share of Extra Company came second, as it closed at 73.5 riyals per share, down 27.9% from the target price of the share, which was estimated by Aljazira Capital at 94 riyals in mid-April, then the share of Jahez Company, down 24.6% from the target price by Al Rajhi Capital of 720 riyals. per share.
On the other hand, MIS’s share exceeded the target price set by Ubhar Capital of 135.4 riyals per share, by 9.2%, as the share is trading at 149.2 riyals per share, while SASCO’s share rose above the price estimated by GI Capital, which indicated 51. riyals per share, while the share closed at 51.5 riyals at the end of the session on Monday, June 12.
According to what was shown by the monitoring, GI Capital recommended increasing the weight of the shares of 8 companies listed on the Saudi stock market “Tadawul”, 7 of which are trading below the target price of the share, while SASCO exceeded the target price by 1%.
On the other hand, Al-Rajhi Capital recommended increasing the weight for the shares of 6 other companies, all of which are trading below the target price, while Ubhar Capital recommended increasing the weight for the shares of 4 companies, 3 of which are below the target price, and MIS exceeded the price estimated by the company, while Al-Jazira Capital recommended increasing the weight for the shares of 3 Companies also have not yet reached the price estimated by the research company, at a time when the drug company’s share is trading close to the price estimated by the National Capital of 100.3 riyals, as the share closed at 98.4 riyals.
| company | Research company | recommendation | Price at the time of recommendation (SAR) | target price (SAR) | Last Closing (SR) – June 12, 2023 | Target price change from current share price % | Recommendation date |
| jazz | GIB Capital | overweight | 75 | 95 | 74 | 28.4 | 25/05/2023 |
| extra | Aljazira Capital | overweight | 75.9 | 94 | 73.5 | 27.9 | 17/04/2023 |
| ready | Al Rajhi Capital | overweight | 525 | 720 | 578 | 24.6 | 21/05/2023 |
| medical | GIB Capital | overweight | 42.4 | 50 | 42.4 | 17.9 | 8/6/2023 |
| Sera | Aljazira Capital | overweight | 26.55 | 29.6 | 25.55 | 15.9 | 24/05/2023 |
| Al-Ahly REIT 1 | GIB Capital | overweight | 9.6 | 10.6 | 9.39 | 12.9 | 10/5/2023 |
| City Cement | Ubar Capital | overweight | 22.1 | 26.5 | 23.58 | 12.4 | 21/05/2023 |
| Saudi Cement | Ubar Capital | overweight | 56.9 | 63 | 58.2 | 8.2 | 21/05/2023 |
| Etisalat Union | Aljazira Capital | overweight | 43 | 50 | 46.2 | 8.2 | 1/6/2023 |
| Arab engravings | Al Rajhi Capital | overweight | 158 | 175 | 162 | 8.0 | 24/05/2023 |
| Riyadh Cables | GIB Capital | overweight | 61.3 | 69 | 63.9 | 8.0 | 7/6/2023 |
| Yamama Cement | Ubar Capital | overweight | 33.1 | 38 | 35.2 | 8.0 | 21/05/2023 |
| Solutions | Al Rajhi Capital | overweight | 334 | 370 | 343 | 7.9 | 12/6/2023 |
| autumn | Al Rajhi Capital | overweight | 149.6 | 170 | 157.6 | 7.9 | 23/05/2023 |
| They were | Al Rajhi Capital | overweight | 31.7 | 37 | 35 | 5.7 | 21/05/2023 |
| fitness time | GIB Capital | overweight | 116.6 | 134 | 127.4 | 5.2 | 31/05/2023 |
| Medicine | Al Ahly Capital | overweight | 86.2 | 100.3 | 98.4 | 1.9 | 4/6/2023 |
| Savola Group | Al Rajhi Capital | overweight | 32.8 | 40 | 39.4 | 1.5 | 15/05/2023 |
| Arabic | GIB Capital | overweight | 139.8 | 160 | 158.2 | 1.1 | 5/6/2023 |
| Budget Saudi | GIB Capital | overweight | 60.5 | 69 | 68.4 | 0.9 | 2/5/2023 |
| Sasco | GIB Capital | overweight | 42.75 | 51 | 51.5 | -1.0 | 17/05/2023 |
| MIS | Ubar Capital | overweight | 133.8 | 135.4 | 149.2 | -9.2 | 16/05/2023 |
1686715675
#names. #Mal #monitors #Research #companies #recommend #weight #gain #companies #listed #Saudi #stock #market. #reach #target #price
