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AB SKF (publ) (OTCMKTS:SKFRY - Get Rating) had its target price reduced by investment analysts at Barclays from SEK 130 to SEK 120 in a research report issued on Tuesday, The Fly reports.

SKFRY has been the subject of several other reports. Morgan Stanley lowered AB SKF (publ) from an "overweight" rating to an "equal weight" rating in a research note on Monday. Credit Suisse Group lowered their price objective on shares of AB SKF (publ) from SEK 160 to SEK 150 and set an "underperform" rating for the company in a research note on Thursday, July 21st. Jefferies Financial Group cut AB SKF (publ) from a "hold" rating to an "underperform" rating and set a $123.00 target price on the stock. in a report on Tuesday, September 27th. Finally, Nordea Equity Research lowered AB SKF (publ) from a "buy" rating to a "hold" rating in a research note on Friday. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $194.89.AB SKF (publ) Stock Performance

OTCMKTS SKFRY opened at $13.89 on Tuesday. The business's 50 day moving average is $14.94 and its two-hundred day moving average is $15.98. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 2.35 and a beta of 1.31. The company has a current ratio of 2.04, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. AB SKF has a 12-month low of $12.57 and a 12-month high of $26.20.

AB SKF (publ) (OTCMKTS:SKFRY - Get Rating) last announced its quarterly earnings results on Wednesday, July 20th. The industrial products company reported $0.30 EPS for the quarter. AB SKF (publ) had a return on equity of 14.26% and a net margin of 6.88%. The business had revenue of $2.41 billion for the quarter. Research analysts expect that AB SKF will post 1.42 EPS for the current year. AB SKF (publ) Company Profile (Get Rating)

AB SKF (publ) engages in the design, development, and manufacture of bearings, seals, lubrication systems, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling bearings, mounted bearings and housings, super-precision bearings, slewing bearings, plain bearings, magnetic bearings and systems, industrial and automotive seals, lubrication management solutions, maintenance products, condition monitoring systems, power transmission solutions, test and measuring equipment, vehicle aftermarket, and waste electric and electronic equipment products.Further ReadingGet a free copy of the StockNews.com research report on AB SKF (publ) (SKFRY)Small-Cap Catalyst Pharma Is Among Market's Best Price Performers3 Stocks Growing Their Businesses for 2023China-Based EV Maker BYD Set For Big European, Japanese ExpansionIs Illumina Still the Gamechanger in Genomics Sequencing? Here’s What Makes Amazon a Sum-of-All-Parts Commerce Juggernaut

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