Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $15.68 and last traded at $15.98, with a volume of 92006 shares. The stock had previously closed at $16.18.
Several research analysts recently issued reports on SEOAY shares. Danske lowered shares of Stora Enso Oyj from a “buy” rating to a “sell” rating in a research note on Tuesday. Morgan Stanley raised their price objective on shares of Stora Enso Oyj from €14.90 ($15.52) to €15.80 ($16.46) in a research note on Friday, April 8th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.35.
The stock has a market capitalization of $12.60 billion, a P/E ratio of 7.82 and a beta of 1.14. The business’s 50 day simple moving average is $19.24 and its two-hundred day simple moving average is $19.09. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.29.
Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber renewable and recyclable packaging materials for food and drink, pharmaceutical, and transport packaging.
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