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An update from BE Group AB ( (SE:BEGR) ) is now available.
BE Group AB held an extraordinary general meeting where it approved a new issue of shares with preferential rights for shareholders, aiming to raise approximately SEK 143 million. This move is expected to strengthen the company’s financial position and support its operations in the steel distribution industry, potentially impacting its market standing and stakeholder interests.
The most recent analyst rating on (SE:BEGR) stock is a Hold with a SEK34.00 price target. To see the full list of analyst forecasts on BE Group AB stock, see the SE:BEGR Stock Forecast page.
More about BE Group AB
BE Group AB, listed on the Nasdaq Stockholm exchange, is a leading independent steel distributor that specializes in storing and processing steel, stainless steel, and aluminium. The company primarily serves the construction and manufacturing industries, offering customized steel components to optimize production processes. With headquarters in Malmö, Sweden, BE Group operates mainly in Sweden and Finland and employs around 560 people. In 2024, the Group reported sales of SEK 4.7 billion.
YTD Price Performance: -30.28%
Average Trading Volume: 6,549
Technical Sentiment Signal: Sell
Current Market Cap: SEK405.1M
For an in-depth examination of BEGR stock, go to TipRanks’ Overview page.