Zacks: Sandvik AB (NASDAQ:SDVKY) Receives Consensus Recommendation of “Sell” from Brokerages
Shares of Sandvik AB (NASDAQ:SDVKY) have earned a consensus broker rating score of 4.33 (Sell) from the three brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation and two have issued a sell recommendation on the company. Sandvik AB’s rating score has declined by 1.9% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a twelve-month consensus target price of $8.76 for the company, according to Zacks. Zacks has also given Sandvik AB an industry rank of 190 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded shares of Sandvik AB from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th.
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Sandvik AB (NASDAQ:SDVKY) traded down 1.31% during mid-day trading on Tuesday, hitting $10.56. 4,052 shares of the stock were exchanged. Sandvik AB has a 52 week low of $7.42 and a 52 week high of $11.41. The company has a 50-day moving average of $10.94 and a 200-day moving average of $10.33. The stock has a market capitalization of $13.25 billion and a PE ratio of 36.04.
About Sandvik AB
Sandvik AB is an engineering company engaged in tooling, materials technology, mining and construction. The Company is the parent company of the Sandvik Group. The Company has five business areas, including Sandvik Machining Solutions, Sandvik Mining, Sandvik Materials Technology, Sandvik Construction and Sandvik Venture.
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