Stora Enso Oyj (OTCMKTS:SEOAY) was downgraded by Danske from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, The Fly reports. They presently have a $15.00 target price on the basic materials company’s stock. Danske’s price objective would indicate a potential downside of 20.97% from the stock’s current price.
A number of other research firms have also issued reports on SEOAY. Zacks Investment Research upgraded shares of Stora Enso Oyj from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Friday, September 3rd. Citigroup upgraded shares of Stora Enso Oyj from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday, July 27th. BNP Paribas lowered shares of Stora Enso Oyj from an “outperform” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research note on Tuesday, June 29th. Finally, Exane BNP Paribas lowered shares of Stora Enso Oyj from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.50.
SEOAY opened at $18.98 on Monday. The firm has a market capitalization of $14.97 billion, a P/E ratio of 18.61 and a beta of 1.24. The firm’s 50 day moving average is $19.56 and its 200-day moving average is $19.20. Stora Enso Oyj has a 52-week low of $14.30 and a 52-week high of $20.91. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 0.38.
About Stora Enso Oyj
Stora Enso Oyj engages in the manufacturing and marketing of newsprint, book paper, magazine paper, fine paper, consumer board, industrial packaging, and wood products. It operates through the following divisions: Consumer Board, Packaging Solutions, Biomaterials, Wood Products, and Paper. The Consumer Board division develops and provides consumer packaging boards for printing and packaging applications.
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