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An update from Mekonomen AB ( (SE:MEKO) ) is now available.
MEKO AB has successfully issued senior unsecured bonds amounting to SEK 1.25 billion, with a five-year tenor and a floating interest rate. The proceeds will be used to finance a tender offer for existing bonds and for general corporate purposes, reflecting strong investor confidence in MEKO’s business fundamentals.
The most recent analyst rating on (SE:MEKO) stock is a Buy with a SEK140.00 price target. To see the full list of analyst forecasts on Mekonomen AB stock, see the SE:MEKO Stock Forecast page.
More about Mekonomen AB
MEKO AB is a market leader in the automotive industry in Northern Europe, focusing on enabling mobility through comprehensive solutions for vehicle drivers, repairers, and maintainers. The company operates in eight countries with 600 branches and serves 20,000 workshop customers, including 4,500 workshops under its own brands such as Mekonomen, MECA, and others.
Average Trading Volume: 63,569
Current Market Cap: SEK6.51B
Find detailed analytics on MEKO stock on TipRanks’ Stock Analysis page.