Sampo Oyj (OTCMKTS:SAXPY) Given Average Recommendation of “Hold” by Brokerages

Shares of Sampo Oyj (OTCMKTS:SAXPY – Get Rating) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $43.00.

Several brokerages recently commented on SAXPY. HSBC cut Sampo Oyj from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. Morgan Stanley began coverage on Sampo Oyj in a research report on Tuesday, February 8th. They issued an “underweight” rating for the company. Deutsche Bank Aktiengesellschaft reduced their target price on Sampo Oyj from €44.00 ($46.81) to €43.00 ($45.74) and set a “hold” rating for the company in a research report on Wednesday, March 16th. Finally, Barclays assumed coverage on Sampo Oyj in a report on Wednesday, March 23rd. They set an “equal weight” rating for the company.

Shares of Sampo Oyj stock traded up $0.32 during midday trading on Thursday, hitting $23.02. The company had a trading volume of 53,476 shares, compared to its average volume of 69,186. The business’s 50 day simple moving average is $24.33 and its two-hundred day simple moving average is $24.42. The stock has a market cap of $24.78 billion, a PE ratio of 8.37 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.35 and a quick ratio of 0.32. Sampo Oyj has a 1-year low of $20.18 and a 1-year high of $27.35.

The firm also recently declared a dividend, which will be paid on Wednesday, June 15th. Investors of record on Friday, May 20th will be issued a $1.3967 dividend. The ex-dividend date of this dividend is Thursday, May 19th. This represents a dividend yield of 5.91%. Sampo Oyj’s dividend payout ratio is 50.91%.

Sampo Oyj Company Profile (Get Rating)

Sampo Oyj, through its subsidiaries, provides life and non-life insurance products and services in Finland, Sweden, Norway, Denmark, and the Baltic countries. It operates through If, Topdanmark, Hastings, Mandatum, and Holding segments. The company offers household, homeowner, motor, accident, travel, boat, forest, livestock, property, casualty, liability, car, van, bike, and cargo insurance.

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