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Scandic Hotels Group AB ( (SE:SHOT) ) has issued an update.
Scandic Hotels Group has expanded its presence in Tromsø with the opening of The Dock 69°39 by Scandic, a new signature hotel that nearly doubles the company’s room capacity in the city. This development strengthens Scandic’s leading position in the Nordic hotel market and aligns with its sustainability goals, as the hotel is certified by the Nordic Swan Ecolabel and BREEAM Excellent. The hotel is designed to be a central hub for both local residents and international visitors, featuring unique sustainable design elements and amenities such as a rooftop bar, wellness area, and heated running track.
The most recent analyst rating on (SE:SHOT) stock is a Hold with a SEK80.00 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 AB is the largest hotel operator in the Nordic region, managing a network of approximately 280 hotels with 58,000 rooms across six countries. The company is known for its strong corporate responsibility ethos and operates the largest loyalty program in the Nordic hotel sector. Scandic has been publicly listed on Nasdaq Stockholm since December 2015.
Average Trading Volume: 379,575
Current Market Cap: SEK16.88B
Find detailed analytics on SHOT stock on TipRanks’ Stock Analysis page.