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The latest announcement is out from Stora Enso Oyj ( ($SE:STE.A) ).
Stora Enso has announced plans to separate its Swedish forest assets into a new publicly-listed company, aiming to create Europe’s largest pure play forest company. This strategic move is intended to enhance focus on core strengths, maximize shareholder value, and reduce complexity, with the new entity expected to generate stable returns and explore long-term growth opportunities in forest management and renewable energy.
The most recent analyst rating on ($SE:STE.A) stock is a Hold with a SEK106.00 price target. To see the full list of analyst forecasts on Stora Enso Oyj stock, see the SE:STE.A Stock Forecast page.
More about Stora Enso Oyj
Stora Enso is a leading provider in the renewable materials and packaging industry, focusing on innovative and sustainable solutions. The company is known for its strong market positions and cost-competitive production capabilities.
Average Trading Volume: 3,233
Technical Sentiment Signal: Buy
Current Market Cap: SEK92.11B
See more insights into STE.A stock on TipRanks’ Stock Analysis page.