Jefferies cuts Skanska B stock target from SEK 305 to SEK 297

Published on 10/07/2026 at 09:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Skanska won a USD 271 million pier deal. Skanska B stock costs EUR 23.74 on October 7, 2026, down 0.38 percent from EUR 23.83.

Schwarzweiß-Reportagefoto von Arbeitern beim Schweißen auf einer Brückenbaustelle — Skanska AB (SE0000113250) dokumentiert schwarzweiß Bauarbeiter beim Schweißen auf einer großen Brückenbaustelle, Illustration mit AI erstellt.

Skanska B stock (ISIN SE0000113250) was at EUR 23.74 at Lang & Schwarz on October 7, 2026 at 9:40 a.m. CEST, down 0.38 percent from the prior close of EUR 23.83. The latest analyst move came on October 4, 2026, when Jefferies cut its target from SEK 305 to SEK 297 and downgraded Skanska from Buy to Hold, according to Markets Insider.

US contract adds order volume

Skanska signed a USD 271 million contract with NAVFAC Mid-Atlantic to replace a US Coast Guard homeport pier at Naval Station Newport in Rhode Island. The contract will enter US order bookings for the third quarter of 2026, according to Cyprus Shipping News on October 7, 2026. Construction has begun and completion is scheduled for March 2030.

The project includes demolition of the existing pier, a new pier capable of berthing four Offshore Patrol Cutters, dredging, utilities and a new bulkhead. The contract provides a fresh US infrastructure order alongside Skanska's recent North American work.

Margins set the operating test

Skanska's investor-relations page reports a 4.30 percent operating margin for Construction, 1.30 percent return on capital employed in Project Development, 4.80 percent in Investment Properties and 10.80 percent return on equity on a rolling twelve-month basis for the second quarter of 2026, according to Skanska.

Those figures show why the analyst downgrade is centered on valuation rather than a single contract. Jefferies cited rising bond yields as pressure on the stock's valuation, while the new pier order supports the order-book side of the equation.

Results date gives the next marker

Skanska is scheduled to publish its third-quarter 2026 results on November 5, 2026, a date listed by Investing.com. For investors, the next report will show whether new US orders are translating into the margin profile highlighted in the second-quarter update.

Stock stays below the prior close

At 9:40 a.m. CEST on October 7, 2026, the Lang & Schwarz quote stood at EUR 23.74, down 0.38 percent versus the Lang & Schwarz prior close of EUR 23.83. The further course of trading is shown by the continuously updated real-time quote of Skanska B stock.