Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Skanska AB ( ($SE:SKA.B) ) has shared an announcement.
Skanska has secured a USD 175 million contract with Ridgeline Development Partners to construct a residential tower and hotel in downtown Nashville, Tennessee. The project, named The Bend, will feature a 12-story residential building with 261 units and a 9-story Moxy Hotel with 188 rooms, alongside retail space. This development is expected to enhance Skanska’s presence in the US market and contribute to the urban landscape of Nashville, with completion anticipated by September 2027.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK295.00 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 operations in the Nordics, Europe, and the USA. In 2024, the company reported revenues of SEK 177 billion and employs approximately 26,300 people. Skanska focuses on creating innovative and sustainable solutions that enhance living conditions.
YTD Price Performance: 18.68%
Average Trading Volume: 579,884
Technical Sentiment Signal: Buy
Current Market Cap: SEK109.1B
For a thorough assessment of SKA.B stock, go to TipRanks’ Stock Analysis page.