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Skanska AB ( ($SE:SKA.B) ) has shared an update.
Skanska has secured a USD 77 million (about SEK 720 million) contract from Hillsborough County Public Schools to rebuild Stewart Middle Magnet School in Tampa, Florida, reinforcing its U.S. presence in the educational facilities segment. The project will be added to Skanska’s U.S. order bookings for the first quarter of 2026, contributing to the company’s pipeline in a key growth market.
The redevelopment will demolish and rebuild Stewart Middle Magnet School to create a shared campus with the adjacent Just Elementary School, delivering more than 12,500 square meters of educational space. Designed to serve over 1,500 students combined, the campus will feature shared facilities such as a cafeteria and media center, retain and upgrade the existing nostalgic gymnasium, and is scheduled for construction from February 2026 through completion in the first quarter of 2028.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK309.00 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 U.S., delivering large-scale, often sustainability-focused projects through a workforce of about 26,300 employees for public- and private-sector clients.
YTD Price Performance: 7.89%
Average Trading Volume: 767,708
Technical Sentiment Signal: Buy
Current Market Cap: SEK112B
For detailed information about SKA.B stock, go to TipRanks’ Stock Analysis page.