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The latest update is out from Skanska AB ( ($SE:SKA.B) ).
Skanska has secured a USD 59 million (about SEK 580 million) contract from the County of Riverside Transportation Department to replace the Mission Boulevard Bridge over the Santa Ana River in Jurupa Valley, California, with the order to be booked in the fourth quarter of 2025. The project, which will run from April 2026 to September 2029, involves constructing a higher, Mission-style bridge that meets modern safety and flood standards, alongside seismic retrofitting, utility relocations, upgraded drainage, and extensive on- and offsite environmental mitigation measures designed to minimize ecological disruption and improve regional mobility and resilience for Riverside County residents and travelers.
The most recent analyst rating on ($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 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 USA, focusing on large-scale infrastructure and building projects, and emphasizes innovative, sustainable solutions that enhance how people live, work and connect.
Average Trading Volume: 753,942
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK102.3B
For a thorough assessment of SKA.B stock, go to TipRanks’ Stock Analysis page.