Saudi Fransi Capital Company said on Wednesday that it initiated coverage of several companies in the retail, agriculture and hotels & tourism sectors.
The firm also listed the shares of Al Tayyar, Al Marai and Jarir in its preferred stocks list.
The research firm said it expects increased growth in the consumer sector driven by the presence of effective demand and strong cash flows.
The sharp drop in the price of oil is not going to have an affect on the sector, the firm added. Consumer-based companies are projected to grow net profit by 15 percent during 2014 to 2016.
The firm issued its ratings for several companies within the consumer sector as follows:
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|
|
Fransi Capital Ratings for Consumer Companies |
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|
Change % |
Target price |
Price |
Rating |
Company |
||
|
+20% |
92.0 |
76.5 |
Buy |
Almarai |
||
|
+4% |
31.0 |
29.9 |
hold |
NADEC |
||
|
( %4 ) |
122.0 |
127.0 |
hold |
SADAFCO |
||
|
+20% |
92.0 |
76.8 |
buy |
SAVOLA Group |
||
|
+20% |
133.0 |
111.0 |
buy |
Othaim |
||
|
+21% |
125.0 |
103.5 |
buy |
Al Hokair |
||
|
+25% |
230.0 |
184.5 |
buy |
Jarir |
||
|
+19% |
108.0 |
91.0 |
buy |
EXTRA |
||
|
+20% |
124.0 |
103.0 |
buy |
Herfy Foods |
||
|
+40% |
165.0 |
118.3 |
buy |
ALTAYYAR |
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