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Scandic Hotels Group AB ( (SE:SHOT) ) has shared an announcement.
Scandic Hotels Group is expanding its presence in Germany by opening a new hotel in Hamburg, scheduled for 2030. The hotel will feature 430 rooms and offer amenities such as a rooftop bar, fitness center, and panoramic views, enhancing Scandic’s growth strategy and strengthening its position in the European market.
The most recent analyst rating on (SE:SHOT) stock is a Hold with a SEK83.00 price target. To see the full list of analyst forecasts on Scandic Hotels Group AB stock, see the SE:SHOT Stock Forecast page.
More about Scandic Hotels Group AB
Scandic Hotels Group is the largest hotel company in the Nordics, operating approximately 280 hotels with 58,000 rooms across more than 130 destinations. The company is recognized for its commitment to sustainability and accessibility, with its Design for All concept. Scandic also boasts the largest loyalty program in the Nordic hospitality industry and is considered a top employer in the region. It is listed on Nasdaq Stockholm.
YTD Price Performance: 19.68%
Average Trading Volume: 357,145
Current Market Cap: SEK17.38B
See more insights into SHOT stock on TipRanks’ Stock Analysis page.