AB SKF (SKFRY) Given $18.68 Average Price Target by Analysts
AB SKF (NASDAQ:SKFRY) has been given a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. AB SKF’s rating score has improved by 6.8% in the last three months as a result of various analysts’ ratings changes.
Analysts have set a 1 year consensus price target of $18.68 for the company, according to Zacks. Zacks has also given AB SKF an industry rank of 69 out of 265 based on the ratings given to its competitors.
Several equities research analysts recently issued reports on SKFRY shares. Zacks Investment Research raised AB SKF from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 28th. Jefferies Group downgraded AB SKF from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th.
AB SKF (NASDAQ:SKFRY) opened at 16.92 on Friday. The stock’s 50 day moving average price is $16.75 and its 200 day moving average price is $16.94. AB SKF has a 1-year low of $14.25 and a 1-year high of $18.87. The stock has a market capitalization of $7.70 billion and a PE ratio of 23.43.
AB SKF Company Profile
AB SKF is a supplier of products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. The Company’s services include technical support, maintenance services, condition monitoring, asset efficiency optimization, engineering consultancy and training. The Company operates through three business areas: Industrial Market, Automotive Market and Specialty Business.
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