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Scandic Hotels Group AB ( (SE:SHOT) ) just unveiled an update.
Scandic Hotels Group is expanding its Scandic Go brand in Finland by opening a new 138-room hotel in Turku, which will enhance its existing offerings in a region poised for growth in tourism, business, and culture. The new hotel, expected to open in the second half of 2026, will be centrally located and will meet the Nordic Swan Ecolabel environmental standards, aligning with Scandic’s sustainability goals. This expansion reflects Scandic’s strategy to strengthen its market position and cater to the increasing demand from both national and international guests.
The most recent analyst rating on (SE:SHOT) stock is a Hold with a SEK65.00 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 known for its commitment to sustainability and accessibility, with its Design for All concept and the largest loyalty program in the Nordic hospitality industry. Scandic is also recognized as an attractive employer in the region and is listed on Nasdaq Stockholm.
YTD Price Performance: 20.87%
Average Trading Volume: 372,697
Current Market Cap: SEK17.55B
For an in-depth examination of SHOT stock, go to TipRanks’ Overview page.