TheScreener - ICA Gruppen AB (ICA) ICA GRUPPEN sees a downgrade to Neutral on account of less fundamental stars

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ICA GRUPPEN sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of ICA GRUPPEN (SE), active in the Food Retailers & Wholesalers industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date October 19, 2021, the closing price was SEK 404.10 and its target price was estimated at SEK 377.68.

20/10/2021 6 EN

Underlying

ICA Gruppen AB

ICA Gruppen is a retail group based in Sweden. Co. is engaged in maintaining and operating its own and retailer-owned stores in Sweden, Norway, Estonia, Latvia, Lithuania and Finland. Co. consists of ICA Sweden, ICA Norway and Rimi Baltic, which are mainly involved in grocery retail, ICA Real Estate which owns and manages properties, and ICA Bank which offers financial services to Swedish customers. Co. also includes the wholly-owned portfolio companies Forma Publishing Group and inkClub, as well as the partly-owned Cervera, Hemtex and Kjell & Company.

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SE0000652216 Nasdaq Nordic Stockholm Sweden

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TheScreener

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ICA GRUPPEN sees a downgrade to Neutral on account of less fundamental stars

Empowering Investors

ICA (No_rec, TP: SEK) - Discontinuing coverage

ICA Group - Terminating coverage

ICA Group - Au revoir

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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