Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Storskogen Group AB Class B ( ($SE:STOR.B) ) has issued an update.
Storskogen Group AB has acquired a 93% stake in Carry Gently Limited, a UK-based logistics specialist in transporting high-value, fragile equipment. This acquisition aligns with Storskogen’s strategy to expand its presence in profitable niche markets and strengthen its footprint in the UK. Carry Gently, with its expertise in medical technology and IT infrastructure logistics, complements Storskogen’s existing operations and offers opportunities for collaboration and operational excellence. The acquisition is expected to have a marginally positive impact on Storskogen’s earnings and EBITA margin, with the current management team of Carry Gently continuing to lead the business.
The most recent analyst rating on ($SE:STOR.B) stock is a Buy with a SEK17.00 price target. To see the full list of analyst forecasts on Storskogen Group AB Class B stock, see the SE:STOR.B Stock Forecast page.
More about Storskogen Group AB Class B
Storskogen is an international group of businesses operating across trade, industry, and services. The company focuses on acquiring and developing leading small and medium-sized businesses in selected industries, with a long-term ownership approach. Storskogen employs approximately 11,000 people and generates net sales of SEK 34 billion. It is listed on Nasdaq Stockholm.
Average Trading Volume: 3,117,084
Technical Sentiment Signal: Sell
Current Market Cap: SEK19.19B
For an in-depth examination of STOR.B stock, go to TipRanks’ Overview page.