EGYPTIAN IRON & STEEL
IRON

EGX

Current Price
EGP
EGP (%)
Price Upon Recommendation
40.61 EGP
Target Price from Recommendation

42.50 EGP

+4.60%
Holding Period

From 1 to 3 months

Final Recommendation

Buy stock at the current price

Valid Until

May 18, 2025 at 11:59:59 PM

Risk Assessment

Medium

Confidence Score

75.00%

Potential Growth

8.20%

Investment Reason

IRON has shown resilience in Egypt's fluctuating market, supported by strong infrastructure demand and strategic positioning in the construction sector. Recent performance indicates upward momentum, aligning with EGX's 2024 recovery trends .

Overview
Recent Performance

IRON gained 1.32% in the last session, closing at 40.61 EGP, with a 52-week high of 41.30 EGP .

Economic Factors

EGX's 2024 rebound (+2.93% for EGX 100) and Egypt's GDP growth forecast of 4.5% in 2025 support industrial stocks like IRON.

Competitive Positioning

IRON benefits from Egypt's infrastructure boom and favorable government policies for industrial growth, securing a 12% market share in construction materials .

Analysis Summary

IRON's strong fundamentals, coupled with Egypt's infrastructure investments and EGX's upward trajectory, make it a compelling short-term buy despite regional macro risks.

Key Points
  • 1.32% gain in last session with strong volume
  • Strategic play on Egypt's $50B infrastructure pipeline
  • P/E ratio of 12.4x below sector average
  • 4.6% upside to 42.50 EGP target
Recommendations