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An announcement from Skanska AB ( ($SE:SKA.B) ) is now available.
Skanska, in collaboration with FlatironDragados, has secured a USD 658 million contract with the Virginia Passenger Rail Authority to construct the Long Bridge North project in Washington D.C. This project will replace the existing two-track rail system with a modern four-track system, enhancing the rail corridor from East Potomac Park to L’Enfant Interlocking. The construction, set to begin in July 2025 and complete by December 2030, will improve freight and passenger rail services, potentially strengthening Skanska’s position in the US infrastructure market.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK215.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
More about Skanska AB
Skanska Group is one of the world’s largest construction and project development companies, with 2024 revenue totaling SEK 177 billion. The company operates across select markets in the Nordics, Europe, and the USA, focusing on innovative and sustainable solutions that enhance living conditions.
YTD Price Performance: -1.25%
Average Trading Volume: 768,452
Current Market Cap: SEK90.74B
For detailed information about SKA.B stock, go to TipRanks’ Stock Analysis page.