Zacks: Sandvik AB (NASDAQ:SDVKY) Given Average Recommendation of “” by Brokerages

Shares of Sandvik AB (NASDAQ:SDVKY) have been assigned a consensus broker rating score of 3.67 (Sell) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Two research 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 target price of $14.40 for the company, according to Zacks. Zacks has also given Sandvik AB an industry rank of 191 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised Sandvik AB from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Wednesday, July 12th.

Shares of Sandvik AB (NASDAQ SDVKY) traded up 0.19% on Friday, reaching $15.92. The company had a trading volume of 3,885 shares. Sandvik AB has a 52 week low of $10.39 and a 52 week high of $16.83. The firm has a market capitalization of $19.97 billion and a P/E ratio of 23.90. The company’s 50-day moving average price is $15.97 and its 200 day moving average price is $14.78.

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Sandvik AB Company Profile

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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