Brokerages Set Stora Enso Oyj (OTCMKTS:SEOAY) Price Target at $10.80

Stora Enso Oyj (OTCMKTS:SEOAY) has been assigned an average recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $10.80.

Separately, Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research note on Monday.

Stora Enso Oyj Trading Down 6.3%

OTCMKTS:SEOAY opened at $11.60 on Monday. The stock has a market cap of $9.15 billion, a price-to-earnings ratio of 1,161.16 and a beta of 0.71. Stora Enso Oyj has a one year low of $7.97 and a one year high of $12.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 1.23. The business’s 50-day simple moving average is $12.20 and its 200 day simple moving average is $11.54.

About Stora Enso Oyj

Stora Enso Oyj is a Finland‐based provider of renewable solutions in packaging, biomaterials, wooden construction and paper. The company draws on centuries of forest industry experience and leverages sustainable practices to produce a wide array of products, including paperboard for consumer goods, specialty papers for printing and publishing, and pulp for industrial applications. Its portfolio also encompasses wood products such as cross-laminated timber, sawn timber and building components, designed to meet growing demand for environmentally friendly construction materials.

Formed through the 1998 merger of Swedish mining and forestry giant Stora and Finnish paper maker Enso, Stora Enso combines deep heritage with ongoing investments in innovation.