Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) Shares Up 0.4% – What’s Next?

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) shares were up 0.4% on Tuesday . The stock traded as high as $13.15 and last traded at $13.15. Approximately 400 shares traded hands during trading, a decline of 66% from the average daily volume of 1,163 shares. The stock had previously closed at $13.10.

Analysts Set New Price Targets

Separately, Citigroup restated a “neutral” rating on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a research report on Thursday, November 13th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

The business has a fifty day moving average of $13.25 and a 200 day moving average of $13.17.

About Svenska Cellulosa Aktiebolaget SCA (publ)

Svenska Cellulosa Aktiebolaget SCA (publ) is a Sweden‐based forest industry company and one of Europe’s largest private forest owners. Headquartered in Stockholm, SCA manages approximately 2.6 million hectares of forestland and operates an integrated value chain spanning timber harvesting, pulp production and bioenergy generation. The company’s operations are underpinned by a long‐term commitment to sustainable forest management and certification standards.

The company’s core business activities include the production of softwood pulp for use in packaging, tissue and specialty paper products, as well as sawn timber and engineered wood products for the construction sector.