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Wallenstam AB ( ($SE:WALL.B) ) just unveiled an announcement.
Wallenstam AB has revised its business plan for 2030, adjusting its net asset value goal from SEK 100/share to SEK 80/share due to challenging external conditions such as rising inflation and interest rates. The company has reduced the construction of new apartments but maintains high occupancy rates for existing properties, and it plans to strengthen its financial framework by increasing the equity/assets ratio to at least 40 percent.
The most recent analyst rating on ($SE:WALL.B) stock is a Hold with a SEK47.00 price target. To see the full list of analyst forecasts on Wallenstam AB stock, see the SE:WALL.B Stock Forecast page.
More about Wallenstam AB
Wallenstam AB is a property company that specializes in managing, building, and developing properties for sustainable living and enterprise in Gothenburg, Stockholm, and Uppsala. The company is valued at approximately SEK 69 billion, serving around 12,500 households and 1,000 enterprises, with a total lettable area of 1.4 million square meters. Wallenstam is self-sufficient in renewable energy through its own wind turbines and has been listed on Nasdaq Stockholm since 1984.
Average Trading Volume: 586,381
Technical Sentiment Signal: Sell
Current Market Cap: SEK29.03B
Learn more about WALL.B stock on TipRanks’ Stock Analysis page.