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Sandvik AB ( (SE:SAND) ) has provided an update.
Sandvik AB has secured a EUR 500 million loan from the European Investment Bank to support its research and development initiatives until 2030. This funding aims to advance Sandvik’s development of new, advanced, productive, safe, and sustainable solutions, reinforcing its strategic focus on technology leadership and enhancing productivity, safety, and sustainability for its customers.
The most recent analyst rating on (SE:SAND) stock is a Sell with a SEK264.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.
More about Sandvik AB
Sandvik is a global, high-tech engineering group that provides solutions to enhance productivity, profitability, and sustainability in the manufacturing, mining, and infrastructure industries. The company is a leader in digitalization, offering equipment, tools, services, and digital solutions for machining, mining, rock excavation, and rock processing. As of 2024, Sandvik employed approximately 41,000 people and generated revenues of about SEK 123 billion across more than 150 countries.
Average Trading Volume: 1,914,801
Technical Sentiment Signal: Buy
Current Market Cap: SEK352.5B
For a thorough assessment of SAND stock, go to TipRanks’ Stock Analysis page.