Barclays Keeps Their Buy Rating on SKF AB (0NWX)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 19 2024
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Source: Business Insider
Analyst Ratings on SKF AB: Barclays analyst Timothy Lee maintains a Buy rating for SKF AB with a price target of SEK244.00, while the consensus among analysts is a Hold with an average price target of SEK232.00, indicating an 11.66% upside.
Company Performance: SKF AB reported quarterly revenue of SEK25.36 billion and a net profit of SEK893 million, down from last year's revenue of SEK20.99 billion and net profit of SEK1.7 billion.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
