NCC (NCC.SE) is a prominent Swedish construction and infrastructure company, with a current market capitalization of 10.07 billion SEK as of July 20, 2023. Founded in 1988 through the merger of three major Swedish construction firms, it's history can be traced back to the late 19th century when AB Nya Cementgjuteriet was established. With a rich heritage of more than a century, the company has played a vital role in shaping Sweden's infrastructure landscape.
It operates across several business areas, including construction, infrastructure, property development, and environmental services. The company has expanded its operations internationally and has been involved in various high-profile projects. It went public in 1997, and since then, it has continued to be a leading player in the construction and infrastructure industry in the Nordic region and beyond.
NCC's share price has had its ups and downs over the past five years. In February 2020, the stock reached its highest price of 196.5 SEK. In March 2023, the stock hit its lowest price of 88.0 SEK.
One trading strategy that could be useful when analysing the company's share price is trend following. This strategy involves identifying trends in the stock's price movements and making trades based on these trends. Traders may also use technical analysis tools like Bollinger Bands and Relative Strength Index (RSI) to identify potential buying or selling opportunities.
Another important consideration when analysing its share price history is the impact of global economic and political events. For example, the outcome of the Brexit negotiations could affect the construction and real estate industries, and therefore NCC's performance in the market. Additionally, any changes in interest rates or inflation could impact the company's profitability and stock price.
As a trader or investor, it is important to always consider the competition before making a move in the stock market. So who are NCC's competitors?
- Skanska AB (SKA.SE) is a Swedish construction and development company that operates globally and is also known for investing heavily in research and development, which gives it an edge over its competitors.
- Bilfinger SE (GBFG.DE) is a German engineering and services company that also operates in the construction industry. It is one of the few competitors that operate outside the Nordic region and is known for its technological advancements and innovations in the engineering field. It is also focusing on expanding its services to include renewable energy projects.
It is essential to stay updated on market trends and company news to make informed trading decisions.
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