Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) Trading Up 0.4% – Should You Buy?

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF)’s stock price was up 0.4% during mid-day trading on Thursday . The company traded as high as $13.15 and last traded at $13.15. Approximately 223 shares changed hands during trading, a decline of 29% from the average daily volume of 312 shares. The stock had previously closed at $13.10.

Wall Street Analysts Forecast Growth

Separately, Citigroup reissued a “neutral” rating on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a report on Friday, January 23rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Up 0.4%

The stock has a fifty day moving average of $13.20 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.