NCC Partners with Specialfastigheter for Major Correctional Facility Project in Sweden

NCC AB ( ($SE:NCC.B) ) has provided an announcement.

NCC has entered into a partnering agreement with Specialfastigheter to construct a major correctional facility in Trelleborg, Sweden, for the Swedish Prison and Probation Service. The project, which involves the construction of a facility with space for 800 inmates and 600 employees, will be one of the largest of its kind in Sweden. This initiative underscores NCC’s expertise in handling high-security projects, with the first phase focusing on planning and design. The collaboration aims to create a modern facility to enhance operational efficiency for the tenant.

The most recent analyst rating on ($SE:NCC.B) stock is a Buy with a SEK212.00 price target. To see the full list of analyst forecasts on NCC AB stock, see the SE:NCC.B Stock Forecast page.

More about NCC AB

NCC is one of the leading construction companies in the Nordics, specializing in complex construction processes. It operates in building and infrastructure project contracting, asphalt and stone materials production, and commercial property development. In 2024, NCC reported sales of approximately SEK 62 billion and employed 11,800 people. The company’s shares are listed on Nasdaq Stockholm.

YTD Price Performance: 23.86%

Average Trading Volume: 183,552

Technical Sentiment Signal: Buy

Current Market Cap: SEK17.29B

See more insights into NCC.B stock on TipRanks’ Stock Analysis page.