Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) Stock Price Down 5% – What’s Next?

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF)’s stock price dropped 5% during trading on Tuesday . The stock traded as low as $11.35 and last traded at $11.35. Approximately 6,175 shares changed hands during trading, an increase of 237% from the average daily volume of 1,830 shares. The stock had previously closed at $11.95.

Analysts Set New Price Targets

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

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Down 5.0%

The company has a fifty day moving average of $12.63 and a two-hundred day moving average of $12.99.

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.