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An announcement from Skanska AB ( ($SE:SKA.B) ) is now available.
Skanska has secured a USD 53 million (about SEK 520 million) contract from the city of Franklin, Tennessee, to build a new three-story City Hall, which will be added to its U.S. order bookings for the fourth quarter of 2025. The project, already underway and slated for completion in July 2027, will replace the demolished former City Hall and is designed to support Franklin’s long-term growth, accommodating 250 employees and providing extensive public meeting spaces, below-grade parking, parkland, and commercial shell space, underscoring Skanska’s role in civic infrastructure development and its continued positioning in the U.S. public-sector construction market.
The most recent analyst rating on ($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 AB is one of the world’s largest construction and project development companies, generating SEK 177 billion in revenue in 2024. The group operates across selected markets in the Nordics, Europe and the United States, delivering large-scale building and infrastructure projects with a strong focus on innovative, sustainable solutions that shape how people live, work and connect, supported by a workforce of about 26,300 employees.
Average Trading Volume: 753,942
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK102.3B
See more insights into SKA.B stock on TipRanks’ Stock Analysis page.