Svenska Cellulosa AB (SVCBY) Lifted to “Buy” at Zacks Investment Research
Svenska Cellulosa AB (OTCMKTS:SVCBY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday. The brokerage presently has a $11.00 price target on the basic materials company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 15.55% from the company’s previous close.
According to Zacks, “Svenska Cellulosa Aktiebolaget SCA is a hygiene and forest company. Its business segments consist of Personal Care, Tissue business and Forest Products business. It provides incontinence care, baby diapers, feminine care, publication papers, pulp, solid-wood products, toilet paper, kitchen rolls, facial tissue, handkerchiefs and napkins. Its main brands include Tena, Pequenin, Libresse, Nosotras, Nana, Velvet, Edet, Regio, Tork, Zewa, Tempo, Libero, Drypers and Saba, among others. Svenska Cellulosa Aktiebolaget SCA is headquartered in Stockholm, Sweden. “
Separately, ValuEngine cut Svenska Cellulosa AB from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st.
Shares of Svenska Cellulosa AB (OTCMKTS SVCBY) opened at $9.52 on Friday. The stock has a market capitalization of $6.05 billion, a P/E ratio of 16.63, a P/E/G ratio of 2.59 and a beta of 0.87. Svenska Cellulosa AB has a 1-year low of $6.92 and a 1-year high of $35.35. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.73 and a quick ratio of 0.42.
About Svenska Cellulosa AB
Svenska Cellulosa SCA AB is a Sweden-based forest products company that develops solid-wood products, pulp, kraftliner, publication papers and renewable energy. The Company consists of five business units: Forest, Wood, Pulp, Paper, Renewable Energy, and supporting unit Sourcing & Logistics. The Forest unit comprises management of over two million hectares forestland, which is used for timber production.
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