Sampo PLC (OTCMKTS:SAXPY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Sampo PLC (OTCMKTS:SAXPY) have earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Three equities research 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.

Several brokerages have recently weighed in on SAXPY. The Goldman Sachs Group upgraded Sampo from a “sell” rating to a “buy” rating in a report on Thursday, July 9th. Kepler Capital Markets raised shares of Sampo to a “strong-buy” rating in a research report on Thursday, June 25th. Zacks Research raised shares of Sampo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. Citigroup restated a “neutral” rating on shares of Sampo in a research note on Friday, April 24th. Finally, Barclays raised shares of Sampo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, May 27th.

Sampo Stock Performance

Sampo stock opened at $21.85 on Friday. Sampo has a twelve month low of $19.93 and a twelve month high of $24.43. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $116.05 billion, a P/E ratio of 15.17 and a beta of 0.40. The stock’s 50 day moving average is $21.22 and its 200 day moving average is $21.52.

Sampo (OTCMKTS:SAXPY) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.48 billion. On average, equities research analysts predict that Sampo will post 1.3 earnings per share for the current fiscal year.

Sampo Company Profile

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.