Sandvik AB (SDVKY) Receives Average Rating of “” from Analysts
Sandvik AB (NASDAQ:SDVKY) has been assigned an average broker rating score of 3.67 (Sell) from the three brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company.
Analysts have set a 1-year consensus price target of $14.40 for the company, according to Zacks. Zacks has also assigned Sandvik AB an industry rank of 191 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded shares of Sandvik AB from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a research note on Tuesday, May 30th.
Sandvik AB (NASDAQ SDVKY) traded down 0.25% during mid-day trading on Friday, reaching $15.87. The company had a trading volume of 664 shares. The stock has a market cap of $19.91 billion and a PE ratio of 23.55. Sandvik AB has a 12 month low of $10.39 and a 12 month high of $16.83. The firm’s 50-day moving average price is $15.96 and its 200-day moving average price is $14.98.
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About Sandvik AB
Sandvik AB (Sandvik) is an engineering company in mining and rock excavation, metal-cutting and materials technology. The Company is engaged in the developing, manufacturing and marketing processed products and services. Its segments include Sandvik Machining Solutions, Sandvik Mining and Rock Technology, Sandvik Materials Technology and Other Operations.
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