22-07-2025
Barclays Remains a Hold on SKF AB (0NWX)
Barclays analyst Timothy Lee, CFA maintained a Hold rating on SKF AB on July 20 and set a price target of SEK230.00. The company's shares closed last Friday at SEK235.50.
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
According to TipRanks, Lee, CFA is a 2-star analyst with an average return of 1.2% and a 46.91% success rate. Lee, CFA covers the Industrials sector, focusing on stocks such as Jungheinrich, KION GROUP AG, and SKF AB.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SKF AB with a SEK231.00 average price target.
Based on SKF AB's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of SEK23.97 billion and a net profit of SEK1.8 billion. In comparison, last year the company earned a revenue of SEK24.7 billion and had a net profit of SEK1.89 billion
