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The latest update is out from Nordisk Bergteknik AB Class B ( ($SE:NORB.B) ).
Nordisk Bergteknik has signed a strategic partnership with Norwegian housing company Oden to act as the main contractor for foundation and concrete projects in Oden’s land bank development, which could result in nearly 1,000 homes over nine phases. This agreement offers Nordisk Bergteknik significant project access without additional tender processes, potentially creating a strong order backlog and enhancing their market presence in the Vestfold region of Norway, with an estimated contract value of over NOK 1 billion.
The most recent analyst rating on ($SE:NORB.B) stock is a Hold with a SEK12.00 price target. To see the full list of analyst forecasts on Nordisk Bergteknik AB Class B stock, see the SE:NORB.B Stock Forecast page.
More about Nordisk Bergteknik AB Class B
Nordisk Bergteknik is a company with a clear growth strategy, specializing in rock handling and foundation solutions. They aim to contribute to the development of a sustainable society by integrating demand with natural conditions, focusing on early-stage involvement in building modern societal functions.
Average Trading Volume: 35,166
Technical Sentiment Signal: Sell
Current Market Cap: SEK681.1M
Learn more about NORB.B stock on TipRanks’ Stock Analysis page.