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The latest update is out from Skanska AB ( ($SE:SKA.B) ).
Skanska has secured a USD 107 million (about SEK 1.1 billion) contract from the Riverside County Transportation Commission to widen the eastbound Ramona Expressway in San Jacinto, California, a 13-kilometre upgrade that includes a new cast-in-place box girder bridge over the San Jacinto River, a raised median, and associated safety enhancements to ease congestion. The project, scheduled to start in February 2026 and finish in June 2028, reinforces Skanska’s presence in the US infrastructure market while contributing to regional mobility, commuter safety, and environmental stewardship through a planned wildlife crossing and the preservation of 72 hectares for habitat mitigation.
The most recent analyst rating on ($SE:SKA.B) stock is a Hold with a SEK266.00 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 of SEK 177 billion and operations across selected markets in the Nordics, Europe and the USA. The company leverages its construction expertise to deliver large-scale, often sustainability-focused infrastructure and building projects, aiming to create innovative solutions that support long-term, healthy living in the communities it serves.
YTD Price Performance: 11.96%
Average Trading Volume: 760,054
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK102.9B
See more data about SKA.B stock on TipRanks’ Stock Analysis page.