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An announcement from Storskogen Group AB Class B ( ($SE:STOR.B) ) is now available.
Storskogen Group AB has announced a decision to repurchase its own Class B shares up to a maximum of SEK 100 million, authorized by the 2025 Annual General Meeting. This move aims to optimize the company’s capital structure and enhance shareholder value. The repurchase will be conducted on Nasdaq Stockholm, with the company ensuring it does not exceed holding 10% of its total shares. This strategic initiative is supported by Storskogen’s strong cash flows, robust balance sheet, and ample liquidity, indicating a focus on long-term shareholder value.
The most recent analyst rating on ($SE:STOR.B) stock is a Hold with a SEK10.50 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 that operates across trade, industry, and services sectors. It focuses on acquiring and developing leading small and medium-sized businesses within selected industries, with a long-term ownership approach. The company employs approximately 11,000 people and generates net sales of SEK 33 billion. Storskogen is publicly listed on Nasdaq Stockholm.
Average Trading Volume: 3,794,914
Technical Sentiment Signal: Sell
Current Market Cap: SEK16.47B
For an in-depth examination of STOR.B stock, go to TipRanks’ Overview page.