Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Veidekke ASA ( (GB:0GF6) ) just unveiled an announcement.
Veidekke ASA has taken over the Råbylund residential project in Lund, Sweden, following the bankruptcy of the previous contractor, Serneke. The project, valued at SEK 225 million, involves the construction of 412 rental apartments and an underground garage, with completion expected in early 2027. This strategic move strengthens Veidekke’s position in the Scandinavian construction market and demonstrates its capability to manage large-scale projects in collaboration with partners like Heimstaden and Magnolia Bostad.
The most recent analyst rating on (GB:0GF6) stock is a Hold with a NOK115.00 price target. To see the full list of analyst forecasts on Veidekke ASA stock, see the GB:0GF6 Stock Forecast page.
More about Veidekke ASA
Veidekke is one of Scandinavia’s largest contractors, specializing in construction and civil engineering projects. The company also maintains roads and produces materials such as asphalt, crushed stone, and gravel. With a turnover of approximately NOK 41 billion, Veidekke is notable for its employee ownership structure, with half of its 8,000 employees owning shares. Listed on the Oslo Stock Exchange, the company has maintained profitability since its inception in 1936.
Average Trading Volume: 92,315
Current Market Cap: NOK20.78B
Find detailed analytics on 0GF6 stock on TipRanks’ Stock Analysis page.