Sandvik AB (SDVKY) Stock Rating Upgraded by Barclays PLC

Sandvik AB (OTC:SDVKY) was upgraded by stock analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating in a note issued to investors on Friday, StockTargetPrices.com reports.

Shares of Sandvik AB (OTC:SDVKY) opened at 14.823 on Friday. The firm has a 50-day moving average price of $13.76 and a 200-day moving average price of $12.21. Sandvik AB has a 12 month low of $9.11 and a 12 month high of $14.97. The stock has a market cap of $18.59 billion and a price-to-earnings ratio of 30.563.

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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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