Skanska wins USD 110 million school contract as Skanska B stock falls 5.53 percent
Published on 10/05/2026 at 12:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Skanska wins a USD 110.00 million school contract as Skanska B stock falls 5.53 percent. According to Morningstar on October 5, 2026, Skanska signed the Renton High School project in Washington, with the contract entering US order bookings for the third quarter of 2026.
US order adds visibility
The three-story school will cover 32,500 square meters and provide classroom capacity for 1,600 students. Construction has begun, while completion is expected in fall 2029, according to Morningstar.
The contract strengthens Skanska's US construction pipeline, but the market reaction centered on valuation and property exposure. The same session brought a sharp move lower in the euro reference quote, making the new order a counterweight rather than an immediate price catalyst.
Jefferies trims its target
According to Markets Insider on October 4, 2026, Jefferies downgraded Skanska from Buy to Hold and reduced its price target from SEK 305.00 to SEK 297.00. The bank cited rising bond yields and pressure on the valuation of Skanska's property activities.
That target change contrasts with the operating figures from the second quarter of 2026. Simply Wall St reported revenue of SEK 48.0 billion, up 4.1 percent from the second quarter of 2025, while net income rose 53.0 percent to SEK 2.55 billion. Earnings per share increased to SEK 6.17 from SEK 4.05.
Stock reprices rate risk
Skanska's business combines construction with residential and commercial property development. The contrast is clear: second-quarter revenue growth and higher net income support the operating case, while the Jefferies decision highlights the sensitivity of property values to financing costs.
Skanska B was trading at EUR 23.40 at Lang & Schwarz on October 5, 2026 at 12:06 p.m. CEST, down 5.53 percent versus the prior close of EUR 24.77 on October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Skanska B stock.
Skanska B stock at a glance
- Company: Skanska AB (publ)
- ISIN: SE0000113250
- Ticker: SKA B
- Primary exchange: Nasdaq Stockholm
- Price Lang & Schwarz as of October 5, 2026, 12:06 p.m. CEST: EUR 23.40
- Change versus prior close: minus 5.53 percent
- Prior close Lang & Schwarz October 2, 2026: EUR 24.77
- Sector / Industry: Industrials / Construction and Engineering
