EPIROC AB sees a downgrade to Neutral on account of less fundamental stars
The independent financial analyst theScreener just lowered the general evaluation of EPIROC AB (SE), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date April 30, 2021, the closing price was SEK 183.50 and its target price was estimated at SEK 169.56.Epiroc AB is a Sweden-based provider of solutions for rock drilling and excavation, demolition and recycling, which offers a range of equipment, service offerings and related spare parts, as well as consumables. The Company's operations are divided into two segments: Equipment & Service that comprises equipment for mining and rock excavation, exploration and infrastructure, and Tools & Attachments, which offers tools that are attached to larger machines that are used for drilling, demolition, recycling, rock excavation, and service for tools within the segment. Applications for products include blasthole drilling for tunneling, road, railway and dam construction, construction work, ground engineering, as well as for infrastructure applications. Epiroc AB sales products and services in approximately 150 countries.
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