Filipe Pacheco and Abeer Abu Omar, Bloomberg
Summary
A company that literally cools down some of the most-popular tourist attractions in the United Arab Emirates is trading in the stock market with a potential upside of more than 40 percent, according to an analyst consensus.
Shares of Abu Dhabi-based National Central Cooling Co. PJSC, or Tabreed, which provides air-conditioning services in the Gulf region, closed at the lowest price in nearly six months earlier this week and close to its cheapest level relative to future earnings since 2016.
The retracement could be flashing a buying opportunity, as six analysts tracking the stock have either a buy or overweight rating with return potential in the next year of 44 percent, data compiled by Bloomberg show.
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