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

Shares of Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) rose 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 were traded during mid-day trading, a decline of 29% from the average daily volume of 312 shares. The stock had previously closed at $13.10.

Analyst Ratings Changes

Separately, Citigroup reiterated a “neutral” rating on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Svenska Cellulosa Aktiebolaget SCA (publ) presently has a consensus rating of “Moderate Buy”.

Svenska Cellulosa Aktiebolaget SCA (publ) Trading Up 0.4%

The stock’s 50 day moving average is $13.20 and its 200 day moving average is $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.