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An update from Skanska AB ( ($SE:SKA.B) ) is now available.
Skanska has secured a USD 249 million contract with the Metropolitan Transportation Authority for a major dehumidification project on the Verrazzano-Narrows Bridge in New York. This project, which will be completed by September 2029, involves the installation of a dehumidification system and acoustic monitoring on the bridge’s main cables, along with various maintenance tasks. This contract enhances Skanska’s presence in the US infrastructure sector and demonstrates its capability in executing large-scale, complex projects.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK235.00 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 in select markets across the Nordics, Europe, and the USA, focusing on creating innovative and sustainable solutions that support healthy living. Skanska employs approximately 26,300 people who work together to shape the way people live, work, and connect.
Average Trading Volume: 663,780
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK100.4B
Find detailed analytics on SKA.B stock on TipRanks’ Stock Analysis page.