ABG: Low quarter already price – buy a construction company



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The set of reports gave a queue position, considers ABG. The construction group is expected to follow the weak Q2 earnings with a weak third quarter, which the market has, however, appreciated.

ABG Sundal Necklace writes in the analysis where the recommendation for NCC is withdrawn to buy with a price of 160 SEK.

"We expect the new CEO will have restructuring costs and write-downs in the third quarter," says the broker.

If the NCC shares should have an impact, the stock was traded at 10% against the forecast for 2019.

NCC dropped 10% Wednesday in the second quarter report slots.

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