Press coverage about Grupo Simec SAB de CV (NYSEAMERICAN:SIM) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Grupo Simec SAB de CV earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 45.4074225772335 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Grupo Simec SAB de CV (NYSEAMERICAN SIM) opened at $9.65 on Tuesday. Grupo Simec SAB de CV has a 12-month low of $9.29 and a 12-month high of $15.20.
Several brokerages recently weighed in on SIM. BidaskClub raised shares of Grupo Simec SAB de CV from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. ValuEngine downgraded shares of Grupo Simec SAB de CV from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.00.
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Grupo Simec SAB de CV Company Profile
Grupo Simec, SAB. de C.V. is a manufacturer, processor and distributor of special bar quality (SBQ) steel and structural steel products. The Company operates through two segments Mexican and USA. The Mexican segment includes the plants in Mexicali, Guadalajara, Tlaxcala and San Luis Potosi. The USA segment includes approximately seven Republic Steel, Inc (Republic) plants of which over six are located in the United States (distributed in the states of Ohio, Indiana and New York) and approximately one in Canada (Ontario).
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