SVENSKA CELLULO/ADR (OTCMKTS:SVCBY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday, Zacks.com reports. The firm currently has a $9.75 target price on the basic materials company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 10.92% from the company’s previous close.
According to Zacks, “Svenska Cellulosa Aktiebolaget SCA is a hygiene and forest company. Its business segments consist of Personal Care, Tissue business and Forest Products business. It provides incontinence care, baby diapers, feminine care, publication papers, pulp, solid-wood products, toilet paper, kitchen rolls, facial tissue, handkerchiefs and napkins. Its main brands include Tena, Pequenin, Libresse, Nosotras, Nana, Velvet, Edet, Regio, Tork, Zewa, Tempo, Libero, Drypers and Saba, among others. Svenska Cellulosa Aktiebolaget SCA is headquartered in Stockholm, Sweden. “
SVCBY opened at $8.79 on Friday. The firm has a market cap of $5.61 billion, a P/E ratio of 14.90, a P/E/G ratio of 0.64 and a beta of 0.64. SVENSKA CELLULO/ADR has a 52 week low of $7.35 and a 52 week high of $11.79.
SVENSKA CELLULO/ADR Company Profile
Svenska Cellulosa Aktiebolaget SCA (publ), a forest products company, develops, produces, and sells forest, wood, pulp, and paper products worldwide. The company offers wood products to the home improvement and building materials sectors, including machined softwood, carcassing, MDF, decking, and sheet materials for builders' merchants and DIY retailers; and various wood products, industrial components, standard wood products, and raw materials, as well as logistic, warehouse, and IT solutions for the wood industry.
Featured Article: The risks of owning bonds
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for SVENSKA CELLULO/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVENSKA CELLULO/ADR and related companies with MarketBeat.com's FREE daily email newsletter.