Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) Trading Up 2.7% – Time to Buy?

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) was up 2.7% on Tuesday . The stock traded as high as $13.35 and last traded at $13.35. Approximately 825 shares were traded during trading, a decline of 21% from the average daily volume of 1,049 shares. The stock had previously closed at $13.00.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised Svenska Cellulosa Aktiebolaget SCA (publ) to a “buy” rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Svenska Cellulosa Aktiebolaget SCA (publ) Trading Up 2.7%

The firm has a 50-day simple moving average of $13.10 and a 200-day simple moving average of $13.28.

About Svenska Cellulosa Aktiebolaget SCA (publ)

Svenska Cellulosa Aktiebolaget SCA (publ), a forest products company, develops, manufactures, and sells forest, wood, pulp, and containerboard products in Sweden, the United States, Germany, the United Kingdom, rest of Europe, Asia, and internationally. It operates through five segments: Forest, Wood, Pulp, Containerboard, and Renewable Energy.