Almarai stock: United Securities cuts target for Almarai stock to SAR 49.50

Published on 10/20/2026 at 17:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 2026 revenue reached SAR 6.19 billion, up 11 percent. Almarai stock stood at SAR 41.56 on October 20, 2026, down 1.05 percent on Tadawul.

Target cut and quarterly growth

United Securities cut its Almarai target to SAR 49.50 on October 12, 2026.
Third-quarter 2026 revenue reached SAR 6.19 billion, up 11 percent year over year.
Almarai stock stood at SAR 41.56 on October 20, 2026, down 1.05 percent on Tadawul.
The 52-week range was SAR 38.18 to SAR 50.10 as of October 20, 2026.

Almarai, SA000A0ETHT1, Illustration mit AI erstellt.

Almarai (SA000A0ETHT1) carries a SAR 49.50 price target after United Securities cut its view on October 12, 2026, as Finimize reported. The article did not state the previous target. At SAR 41.56, the target stood 19.10 percent above the stock price on October 20, 2026.

Almarai stock stood at SAR 41.56 on Tadawul on October 20, 2026 at 3:16 p.m. AST, down 1.05 percent from the SAR 42.00 prior close.

Revenue growth meets cost pressure

Almarai reported third-quarter 2026 revenue of SAR 6.19 billion, up 11 percent from SAR 5.55 billion in the third quarter of 2025. Net profit reached SAR 617.8 million, up 1 percent from SAR 613.2 million a year earlier, according to the company's Almarai release dated October 4, 2026.

For the first nine months of 2026, revenue rose 10 percent to SAR 18.22 billion from SAR 16.61 billion in the same period of 2025. Nine-month net profit was SAR 1.99 billion, broadly stable year over year. Higher feed shipping, distribution and energy costs absorbed much of the revenue gain.

Stock position and valuation

The stock's 52-week range was SAR 38.18 to SAR 50.10 as of October 20, 2026, placing the latest price SAR 3.38 above the low and SAR 8.54 below the high. Trading volume reached 410,206 shares, compared with an average volume of 566,303 shares.

Almarai had a price-to-earnings ratio of 16.96 and a market capitalization of SAR 41.3 billion as of October 20, 2026. The company's third-quarter earnings per share was SAR 0.62, down from SAR 0.64 in the second quarter of 2026.

Comparison with peers

Almarai: down 1.05 percent, price-to-earnings ratio 16.96, market capitalization SAR 41.3 billion, as of October 20, 2026.

The National Agricultural Development Company (Saudi Exchange, SAR): down 2.41 percent, price-to-earnings ratio 11.04, market capitalization SAR 3.7 billion, as of October 20, 2026.

Saudia Dairy & Foodstuff Company (Saudi Exchange, SAR): down 0.64 percent, price-to-earnings ratio 12.18, market capitalization SAR 5.4 billion, as of October 20, 2026.

What investors can measure next

The latest figures put the emphasis on conversion of sales growth into earnings. Almarai's third-quarter revenue increased by SAR 635 million year over year, while net profit increased by SAR 4.6 million. That gap captures the effect of higher operating costs more clearly than revenue growth alone.

The company presented its 2026 to 2031 growth strategy at a Capital Markets Day on October 8, 2026. Management said full-year 2026 capital expenditure should remain below SAR 4.00 billion, while its long-term profitability target is a 14 percent to 15 percent EBIT margin, according to Investing.com.

Price and target gap

The SAR 49.50 target remains above the latest Tadawul price, while the 52-week range shows the stock closer to its low than its high. The combination gives investors two measurable reference points: cost-driven earnings pressure and the distance to the revised target.

The further course of trading is shown by the continuously updated real-time quote of Almarai stock.