Analysts Set AB SKF (SKFRY) Target Price at $25.00
AB SKF (OTCMKTS:SKFRY) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $25.00.
SKFRY has been the topic of several recent research reports. Zacks Investment Research raised AB SKF from a “sell” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, May 2nd. ValuEngine raised AB SKF from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd.
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Shares of AB SKF (SKFRY) traded down 0.97% during midday trading on Tuesday, reaching $19.68. The company had a trading volume of 7,101 shares. AB SKF has a 12-month low of $15.50 and a 12-month high of $22.30. The company has a 50 day moving average of $20.59 and a 200 day moving average of $20.21. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 15.38 and a beta of 0.31.
About AB SKF
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’s segments include Industrial and Automotive.
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