Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) Stock Price Up 1.9% – Still a Buy?

Shares of Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) traded up 1.9% during trading on Friday . The company traded as high as $13.40 and last traded at $13.40. 100 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 286 shares. The stock had previously closed at $13.15.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a “neutral” rating on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Svenska Cellulosa Aktiebolaget SCA (publ) Trading Up 1.9%

The business’s 50-day simple moving average is $13.07 and its 200 day simple moving average is $13.17.

Svenska Cellulosa Aktiebolaget SCA (publ) Company Profile

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.