AB SKF (publ) (OTCMKTS:SKFRY) receives new price target of SEK 235 at Deutsche Bank Aktiengesellschaft
AB SKF (publ) (OTCMKTS: SKFRY) saw its target price lowered by Deutsche Bank Aktiengesellschaft from SEK 245 to SEK 235 in a note to investors released on Friday, reports The Fly.
Several other research companies have also recently commented on SKFRY. JPMorgan Chase & Co. reaffirmed a “neutral” rating on AB SKF (publ) shares in a Wednesday, October 27 research note. Societe Generale reaffirmed a “sell” rating on AB SKF (publ) shares in a Thursday, October 28 research note. Zacks Investment Research upgraded AB SKF (publ) from a “strong buy” rating to a “hold” rating in a Wednesday, January 12 research report. Royal Bank of Canada cut its target price on AB SKF (publ) from SEK 300 to SEK 250 and set an “outperform” rating for the company in a research report on Friday. Finally, DNB Markets upgraded AB SKF (publ) from a buy to a hold rating in a Wednesday, October 27 research report. Four equity research analysts gave the stock a sell rating, seven issued a hold rating and four gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $144.03.
Shares of OTCMKTS SKFRY rose $0.07 during Friday’s trading, hitting $20.92. The company had a trading volume of 22,454 shares, compared to an average volume of 28,277. The stock has a 50-day simple moving average of $23.39 and a 200-day simple moving average of $24.34. The company has a debt ratio of 0.43, a quick ratio of 1.52 and a current ratio of 2.42. AB SKF has a 12-month low of $20.55 and a 12-month high of $30.50. The company has a market capitalization of $9.53 billion, a P/E ratio of 11.25, a price-to-earnings growth ratio of 0.79 and a beta of 1.33.
About AB SKF (ad)
SKF AB engages in the manufacture of machinery and rotating equipment. It operates through Industrial and Automotive segments. The Industrial segment includes Americas Industrial Sales, Europe and Middle East & Africa Industrial Sales, Asia Industrial Sales, Industrial Units, Bearing Operations and Aerospace.
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