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Skanska AB ( ($SE:SKA.B) ) has shared an update.
Skanska has secured a USD 67 million contract with the Trust for Governors Island to construct a new 27kV substation in New York City. This project, set to begin in Summer 2025 and complete by 2027, will support new developments including a public school and the New York Climate Exchange, enhancing Skanska’s role in sustainable urban development.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK254.00 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. It operates in select markets across the Nordics, Europe, and the USA, focusing on innovative and sustainable solutions that promote healthy living. The company leverages its expertise and foresight to shape the way people live, work, and connect.
YTD Price Performance: 5.15%
Average Trading Volume: 634,541
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK96.63B
For an in-depth examination of SKA.B stock, go to TipRanks’ Overview page.