Jefferies Financial Group has begun research coverage of Sampo Oyj (OTCMKTS:SAXPY).

The equity research analysts for Jefferies Financial Group discussed Sampo Oyj in a research note sent out to investors on Wednesday (OTCMKTS: SAXPY). The stock offering for the company’s financial services division was given a rating of “hold,” which indicates that investors should maintain their current holdings.

Due to recent occurrences, SAXPY has received feedback about a significant increase in the number of additional analysts. In a research note released on Tuesday, December 6, Bank of America lowered its recommendation for Sampo Oyj, moving it from “neutral” to “underperform.” Citigroup changed their rating of Sampo Oyj on September 7 from “sell” to “neutral,” reflecting their belief that the stock is no longer a good investment and that the stock is no longer a good investment. JPMorgan Chase & Co. announced on November 7, in a research report that was made public, that the price target that they had established for Sampo Oyj had been reduced to €50.00 ($53.19) from €52.00 ($55.32). UBS Group decreased their price target on Sampo Oyj from €48.00 ($51.06) to €47.00 ($50.00) in a research note published on Monday, October 10. This was the last but not least, change. The stock has been rated “hold” by all five research analysts, while only two have recommended “selling” the stock. The company’s stock has been given an average rating of “Hold,” and the price objective for the stock has been established at $46.38. Bloomberg gathered this information.
Wednesday saw SAXPY begin trading at $25.90. The company possesses a price-to-earnings ratio of 11.31, a beta value of 0.95, and a market capitalization of $27.62 billion. The stock price has a moving average of $24.02 over the past 50 days, while its moving average over the past 200 days is $22.63. A few values can be used in this calculation, including a debt-to-equity ratio of 0.43, a current ratio of 0.37, and a quick ratio of 0.37. The current price of Sampo Oyj is $26.30, which represents the company’s one-year high, while the current price of $19.82 represents the company’s one-year low.

On November 2, Sampo Oyj (OTCMKTS: SAXPY) released its earnings report, which discussed its recent financial results. The financial services business produced earnings per share of $0.29 during the most recent quarter.

Because it has subsidiaries in several different countries, Sampo Oyj can offer a wide variety of life and non-life insurance products and services to its customers in Finland, Sweden, Norway, Denmark, and the Baltic nations. Its operational divisions include the companies If, Topdanmark, Hastings, Mandatum, and Holding. The company offers a diverse selection of insurance policies, including homeowner’s insurance, renter’s insurance, motor insurance, accident insurance, travel insurance, boat insurance, forest insurance, cattle insurance, property insurance, casualty insurance, liability insurance, automobile insurance, van insurance, bike insurance, and cargo insurance, among others.