Berenberg Bank Increases Sandvik AB Price Target to $127.00 (SDVKY)
Equities researchers at Berenberg Bank boosted their price target on shares of Sandvik AB (NASDAQ:SDVKY) from $107.00 to $127.00 in a research report issued on Monday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock.
Separately, analysts at Nomura reiterated a “neutral” rating on shares of Sandvik AB in a research note to investors on Monday, August 5th.
Sandvik AB (NASDAQ:SDVKY) traded up 0.87% on Monday, hitting $13.94. The stock had a trading volume of 9,392 shares. Sandvik AB has a 52 week low of $11.55 and a 52 week high of $17.23. The stock has a 50-day moving average of $14.03 and a 200-day moving average of $13.68. The company has a market cap of $17.486 billion and a P/E ratio of 18.73.
Sandvik AB is a Sweden-based engineering company. It operates in five business areas: Sandvik Construction, Sandvik Machining Solutions, Sandvik Materials Technology, Sandvik Mining and Sandvik Venture.
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