United Securities Tweaks Aldrees Price Target Post-Q3 Results

06:35 AM EST, 11/09/2026 (MT Newswires) -- United Securities LLC updated its price target for Aldrees Petroleum and Transport Services (SASE:4200), with the buy rating affirmed, as it took note of the company's third-quarter results. The gasoline service station operator logged a 20.9% annual increase in net profit to 138 million Saudi riyals, in line with United Securities' estimate, according to a Monday note. Revenue rose 16.4% year over year to 7.98 billion riyals, which was 4.3% above the research firm's forecast. "Aldrees delivered another quarter of solid topline growth, with the transport segment emerging as a meaningful earnings driver, contributing c.42% of 3Q26 net profit," analysts wrote. "We expect volume-driven growth to keep revenue momentum in double digits. Based on the current result, we broadly retain our 2026e revenue and profit estimates to SAR 30.2bn and SAR 514mn, respectively. However, our target price is revised to SAR 125.34 per share considering the rising risk premium in the region and expectation of lower volumes in the near term."