The Stockholm Stock Exchange opened Thursday with a slight decline. Among listed companies, Skistar shares showed a weaker performance while Balco rose. Hemnet plunged sharply after Nordea cut its target price and reiterated its sell recommendation.
After 29 minutes of trading, the OMXS30 index was down 0.18 percent at 2,789.93. During the day, the index has moved within a range of -0.27 percent at its lowest and 0.07 percent at its highest.
The broader OMXSPI was down 0.14 percent.
Stock
Price Change
Comment
Balco
13.6%
Secures its largest order ever, valued at 200 million kronor
Pricer
2.5%
Receives upgrade order worth around 140 million kronor
H&M
2.1%
Oddo raises to neutral
Autoliv
0.9%
SB1 Markets initiates with buy
NCC
0.1%
Receives order worth around 120 million kronor
Lifco
0.0%
Danske Bank initiates with buy
Skanska
-0.2%
Announces several new contracts this morning. The largest is in the US, valued at 820 million kronor
Ovzon
-2.1%
Receives additional order worth 58 million kronor
Evolution
-2.3%
Barclays downgrades two notches to underweight
Skistar
-2.5%
Q1 figures met market expectations. Booking situation described as stable, but 2 percent lower than the previous year
Bufab
-3.4%
ABG Sundal Collier downgrades to hold
Synthetic MR
-3.8%
Plans a rights issue of 32.8 million kronor
Hemnet
-6.5%
Nordea lowers target price to 121 kronor (200). Reiterates sell
Doxa
-7.3%
Multiple lawsuits have been filed against companies within the group
SkiStar AB is a Sweden-based company active in the leisure and recreation industry. It is primarily engaged in the management of mountain ski resorts in Hemsedal and Trysil, in Norway, as well as in Salen, Are and Vemdalen, in Sweden. The Company’s activities are divided into two business areas: Destinations and Property Development. The Destinations area is responsible for the skiing services, mediation of accommodation, ski school and ski rentals. The Property Development area operates through wholly owned subsidiaries, named Fjallinvest AB and Fjellinvest Norge AS, which manage accommodation properties for hire, own land for development and have a stake in a jointly-owned real estate entities operating at SkiStar’s destinations. Furthermore, the Company is a parent of Salens Hogfjallshotell AB, Tandadalens Fjallhotell Service AB, and Are Invest AB, among others.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
