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An update from Scandic Hotels Group AB ( (SE:SHOT) ) is now available.
Scandic Hotels Group AB reported a modest increase in net sales and occupancy rates, reflecting steady growth in its operations. The company is actively expanding its portfolio with new agreements for hotels in Norway and Germany, and the acquisition of Dalata Hotel Group Plc, which is expected to enhance its market position in Europe.
The most recent analyst rating on (SE:SHOT) stock is a Hold with a SEK91.00 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 operates in the hospitality industry, focusing on providing hotel accommodations across various locations. The company is involved in hotel management and operations, offering services that include room bookings and hospitality experiences. Scandic targets markets in Europe, with a particular emphasis on expanding its presence in Norway and Germany.
Average Trading Volume: 324,403
Technical Sentiment Signal: Buy
Current Market Cap: SEK18.68B
For an in-depth examination of SHOT stock, go to TipRanks’ Overview page.