Nokia Corporation (NOK, Financial) has completed the cancellation of 150 million shares that were previously held as treasury stock. This move follows a decision by the company's Board of Directors and relates to shares repurchased between November 25, 2024, and April 2, 2025, as part of a share buyback initiative announced in late 2024.
The formal registration of the share cancellation was finalized with the Finnish Trade Register on April 23, 2025. Importantly, this action will have no impact on Nokia's overall share capital or its total equity structure. Following the cancellation, the total number of shares and votes in the company stands at 5,455,850,345. Additionally, Nokia retains 66,184,658 shares in its treasury.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Nokia Oyj (NOK, Financial) is $5.58 with a high estimate of $7.00 and a low estimate of $3.80. The average target implies an upside of 5.59% from the current price of $5.28. More detailed estimate data can be found on the Nokia Oyj (NOK) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Nokia Oyj's (NOK, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Nokia Oyj (NOK, Financial) in one year is $4.63, suggesting a downside of 12.31% from the current price of $5.28. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Nokia Oyj (NOK) Summary page.
