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The latest announcement is out from Scandic Hotels Group AB ( (SE:SHOT) ).
Scandic Hotels Group AB has opened its first hotel in Stuttgart, Germany, marking an important expansion in a key European business hub known for its automotive and technology industries. The new Scandic Stuttgart Europaviertel hotel, with 174 rooms, aims to cater to both business and leisure travelers, enhancing Scandic’s presence in Germany where it now operates eight hotels. This opening aligns with Scandic’s growth strategy to add 10,000 new rooms by 2030, including significant expansion in Germany.
The most recent analyst rating on (SE:SHOT) stock is a Sell with a SEK85.00 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 company in the Nordic countries, operating around 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 and the largest loyalty program in the Nordic hotel industry. Scandic is also considered one of the most attractive employers in the region and is listed on Nasdaq Stockholm.
Average Trading Volume: 794,485
Technical Sentiment Signal: Buy
Current Market Cap: SEK19.54B
Find detailed analytics on SHOT stock on TipRanks’ Stock Analysis page.