Sampo PLC (OTCMKTS:SAXPY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Sampo PLC (OTCMKTS:SAXPY) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company.

SAXPY has been the subject of several recent research reports. Zacks Research upgraded Sampo from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. Barclays upgraded Sampo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 27th. Citigroup reaffirmed a “neutral” rating on shares of Sampo in a research report on Friday, April 24th. Kepler Capital Markets raised Sampo to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, The Goldman Sachs Group upgraded Sampo from a “sell” rating to a “buy” rating in a report on Thursday, July 9th.

Sampo Trading Up 0.3%

Shares of OTCMKTS SAXPY opened at $22.41 on Wednesday. The business has a 50-day moving average price of $21.55 and a two-hundred day moving average price of $21.43. Sampo has a one year low of $19.93 and a one year high of $24.43. The firm has a market capitalization of $119.03 billion, a PE ratio of 15.14 and a beta of 0.39. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31.

Sampo (OTCMKTS:SAXPY) last issued its earnings results on Wednesday, August 12th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $2.96 billion. As a group, analysts predict that Sampo will post 1.27 earnings per share for the current fiscal year.

About Sampo

Sampo plc is a Finland-based insurance and financial services group that primarily underwrites property and casualty (P&C) insurance while also offering life insurance and related financial products. The company operates through subsidiaries that provide a mix of retail and corporate insurance solutions, claims handling and risk management services. Its business model emphasizes underwriting discipline and diversified exposure across personal, commercial and specialty insurance lines.

Sampo’s operations include well-known subsidiaries that deliver core products and services: a Nordic P&C insurer that writes motor, property, liability and specialty lines, and a life insurance and wealth management arm that offers savings, pension solutions and asset management services.