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Skanska AB ( ($SE:SKA.B) ) has shared an update.
Skanska has announced an investment of NOK 768 million (about SEK 730 million) in a new residential project in Bærum, Norway. The project, named Løkeberggrenda, will include 58 apartments and 28 rowhouses across 10 buildings, with construction starting in the fourth quarter of 2025 and expected completion in the fourth quarter of 2027.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK254.00 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 a focus on creating innovative and sustainable solutions. Operating in the Nordics, Europe, and the USA, Skanska reported a revenue of SEK 177 billion in 2024 and employs approximately 26,300 people.
Average Trading Volume: 553,635
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK98.72B
For an in-depth examination of SKA.B stock, go to TipRanks’ Overview page.