Storebrand ASA Completes Share Buyback Program

Storebrand ASA ( (GB:0NO0) ) has shared an update.

Storebrand ASA has completed a series of transactions under its share buyback program, resulting in the company owning 5,884,785 of its own shares, which equates to 1.35% of its share capital. This move is part of Storebrand’s strategic efforts to manage its capital structure and enhance shareholder value, aligning with its commitment to sustainable financial practices and market positioning.

The most recent analyst rating on (GB:0NO0) stock is a Hold with a NOK115.00 price target. To see the full list of analyst forecasts on Storebrand ASA stock, see the GB:0NO0 Stock Forecast page.

More about Storebrand ASA

Storebrand is a Nordic financial group that provides financial security and freedom to individuals and businesses. The company focuses on offering sustainable solutions and encourages its customers to make sound financial choices for the future. Storebrand serves approximately 55,000 corporate customers and 2.2 million personal customers, managing assets worth 1,442 billion kroner. The group is headquartered in Lysaker, Norway, and is listed on the Oslo Stock Exchange.

YTD Price Performance: 15.48%

Average Trading Volume: 883,820

Current Market Cap: NOK59.96B

For a thorough assessment of 0NO0 stock, go to TipRanks’ Stock Analysis page.