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Grupo Simec S.A. De (NYSE:SIM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a $15.50 price target on the stock. Zacks‘s target price would suggest a potential upside of 10.95% from the company’s current price.

Grupo Simec S.A. De (NYSE:SIM) traded down 3.10% on Monday, hitting $13.7494. The stock had a trading volume of 7,548 shares. Grupo Simec S.A. De has a 52-week low of $10.23 and a 52-week high of $14.48. The stock’s 50-day moving average is $13.3 and its 200-day moving average is $12.12. The company has a market cap of $2.259 billion and a P/E ratio of 19.74.

Grupo Simec S.A. De (NYSE:SIM) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.07. Analysts expect that Grupo Simec S.A. De will post $10.28 EPS for the current fiscal year.

Grupo Simec SAB de CV (NYSE:SIM) is a Mexico-based holding company that, along with its subsidiaries, is principally engaged in the steel industry.

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