ValuEngine Downgrades AB SKF (SKFRY) to Strong Sell

AB SKF (OTCMKTS:SKFRY) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday, October 11th.

Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of AB SKF from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, September 19th. Barclays lowered shares of AB SKF to a “sell” rating in a research note on Wednesday, October 3rd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. AB SKF has a consensus rating of “Hold” and an average price target of $22.00.

Shares of SKFRY opened at $16.43 on Thursday. The company has a quick ratio of 1.33, a current ratio of 2.25 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $7.48 billion, a P/E ratio of 9.44, a PEG ratio of 1.35 and a beta of 0.49. AB SKF has a 12-month low of $16.30 and a 12-month high of $25.34.