Key Highlights:
- Nokia (NOK, Financial) cancels 150 million treasury shares without influencing share capital.
- Analysts' average price target suggests a slight upside potential for the stock.
- Consensus recommendation indicates a "Hold" status with potential downside based on GF Value.
Nokia Corporation (NOK) has strategically annulled 150 million shares it held as treasury stock, a move recently confirmed by the Finnish Trade Register. Notably, this cancellation does not affect Nokia's overall share capital or equity. Consequently, Nokia's share count now stands at approximately 5.46 billion, with 66.18 million shares remaining in treasury.
Analyst Price Targets and Recommendations
The outlook from six analysts reveals a one-year average price target of $5.58 for Nokia Oyj (NOK, Financial), encompassing a high estimate of $7.00 and a low of $3.80. With the current stock price at $5.32, this average target price suggests a potential upside of 4.79%. For further details, visit the Nokia Oyj (NOK) Forecast page.
The consensus from nine brokerage firms assigns Nokia Oyj (NOK, Financial) an average brokerage recommendation score of 2.6, which corresponds to a "Hold" rating. This scale ranges from 1 (Strong Buy) to 5 (Sell), offering investors a clear snapshot of Wall Street's viewpoint.
Evaluation Using GuruFocus Metrics
According to GuruFocus estimates, the projected GF Value for Nokia Oyj (NOK, Financial) over the next year is $4.63. This valuation indicates a potential downside of 12.97% from the current $5.32 share price. The GF Value is calculated by considering historical trading multiples, past business growth, and the company's future performance estimates. For additional insights, refer to the Nokia Oyj (NOK) Summary page.
