Stora Enso Oyj sees increased trading volume amid business transformation

Stora Enso Oyj has experienced a significant increase in trading volume, with mid-day trading seeing 65,919 shares exchanged, a 68% rise from the previous session. The company's stock recently traded at $11.83.

Financial reports indicate the company is undergoing a structural transformation from a traditional paper manufacturer toward a provider of renewable packaging and construction materials. While recent quarterly earnings per share of $0.04 missed the consensus estimate of $0.17, the company reported revenue of $2.76 billion for the quarter.

Analyst sentiment remains mixed. Citigroup recently reissued a ‘buy’ rating, while BNP Paribas Exane issued a ‘neutral’ rating. The current consensus target price for the stock is $10.80.