Todays Report: The Sandvik AB (SDVKY) Given Average Rating of “Sell” by Brokerages

The Sandvik AB (SDVKY) Given Average Rating of “Sell” by Brokerages

Shares of Sandvik AB (NASDAQ:SDVKY) have been assigned an average broker rating score of 4.33 (Sell) from the three brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation and two have assigned a sell recommendation to the company. Sandvik AB’s rating score has improved by 3.8% from three months ago as a result of a number of analysts’ ratings changes.

Analysts have set a 1 year consensus price objective of $8.76 for the company, according to Zacks. Zacks has also given Sandvik AB an industry rank of 245 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research cut Sandvik AB from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th.

Shares of Sandvik AB (NASDAQ:SDVKY) traded down 1.37% during midday trading on Friday, hitting $10.82. The stock had a trading volume of 3,012 shares. The stock has a market capitalization of $13.57 billion and a price-to-earnings ratio of 37.31. Sandvik AB has a 52 week low of $7.42 and a 52 week high of $11.41. The stock has a 50 day moving average price of $10.91 and a 200-day moving average price of $10.45.

About Sandvik AB

Sandvik AB (Sandvik) is an engineering company. The Company’s segments include Sandvik Machining Solutions, Sandvik Mining, Sandvik Materials Technology, Sandvik Construction, Sandvik Venture and Corporate. Sandvik Machining Solutions offers tool and tooling systems for industrial metal cutting. Sandvik Mining is a supplier of equipment, tools, service and technical solutions for exploration, excavation and processing of rock and minerals for mining industry.

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