Tag: Finances

Credit Suisse Thinks Bain Capital Specialty Finance’s Stock is Going to Recover

In a report issued on May 1, Douglas Harter from Credit Suisse maintained a Buy rating on Bain Capital Specialty Finance (BCSF – Research Report), with a price target of $15.50. The company’s shares closed last Monday at $9.22, close to its 52-week low of $7.12.

According to TipRanks.com, Harter is a 4-star analyst with an average return of 4.1% and a 63.8% success rate. Harter covers the Financial sector, focusing on stocks such as Ellington Residential Mortgage, Essential Properties Realty, and Arlington Asset Investment.

Currently, the analyst consensus on Bain Capital Specialty Finance is a Hold with an average price target of $10.67.

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Bain Capital Specialty Finance’s market cap is currently $499.5M and has a P/E ratio of 5.10. The company has a Price to Book ratio of 0.49.

Based on the recent corporate insider activity of 10 insiders, corporate

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Algeria: Finance minister sounds the alarm over drying state finances

The Algerian Finance Minister debunked the government over the country’s finance following the crash of global oil, noting that the situation is dire and that it is pointless to lie.

Abderrahmane Raouya, during an improvised press conference in capital Algiers Wednesday, confirmed that the state finances have drastically dwindled, TSA reports.

The North African country has seen its resources affected after the oil prices have plunged across the globe due to low demand as the lockdown because of the novel covid-19 reduced economic activity worldwide.

The country’s national budget depends heavily on oil and gas revenues, which account for 97 per cent of total sales abroad.

The current national budget was built on a price of $50 a barrel at a time benchmark international crudes are trading at their lowest in about two decades. The country’s crude oil, Saharan blend, dropped and is currently sold at around $11.72 per barrel.

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