Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) Shares Up 0.4% – Here’s What Happened

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) shares shot up 0.4% on Thursday . The stock traded as high as $13.15 and last traded at $13.15. 223 shares were traded during trading, a decline of 29% from the average session volume of 312 shares. The stock had previously closed at $13.10.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a “neutral” rating on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a report on Friday, January 23rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

The business’s 50-day simple moving average is $13.19 and its 200 day simple 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.