Skanska AB

Skanska AB

den 20 oktober 2016

Important legal information

Skanska is a leading global construction and project development group and is operating within construction, commercial and residential property, and public private partnership projects in the Nordic countries, other European countries and in North America. Skanska was founded in 1887 and the company shares are listed on the NASDAQ Stockholm Stock Exchange.

On Monday October 17th, a public announcement was released about Skanska investing SEK 340 million in the office building Juvelen in Uppsala, Sweden. The seven floor office building is intended to be complete by the end of 2018 and is situated near Uppsala station. The building compromises a total of 11,550 square meters in addition to a ground floor that will include a restaurant and commercial sites.

 

The construction project is in line with Skanska’s sustainability measures and the building will reach the highest level in the LEED certification system (Leadership in Energy & Environmental Design). The building will be equipped with Deep Green Cooling, which is Skanska’s patented system for self-sufficiency cooling, and the electricity will largely be supplied by integrated solar cells.

 

In Sweden, vacancy rates for office space are low and modern properties with high quality tenants, especially newly developed properties, are in strong demand from property investors. The investor appetite also remains strong, resulting in attractive valuations for these properties, according to Skanska.

 

In the first minutes of trading on October 18th, Skanska’s share price reached all year high, SEK 203,20, followed by another year high on October 19th, SEK 204,70. What do you believe is the next share price level for Skanska? Leverage your Skanska trade with Vontobel Bull & Bear Certificates and trade on your opinion now.

 

Bloomberg consensus set the 12-month target price to SEK 191,27. According to Bloomberg, 4 (30,8%) analysts set Skanska on BUY, 6 (46.2%) on HOLD and 3 (23,1%) on SELL recommendation.

 

 

2022-11-30 07:37:45