Barclays raises target for SEB A stock to SEK 262

Published on 10/09/2026 at 12:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barclays sets a SEK 262 target after SEK 204 on October 9, 2026. SEB A stock was EUR 20.29, plus 1.15 percent versus EUR 20.06.

Key points in brief

Barclays raised its SEB target from SEK 204 to SEK 262 and upgraded the rating to Overweight on October 9, 2026.
SEB A stock was EUR 20.29 at Lang & Schwarz on October 9, 2026, plus 1.15 percent versus EUR 20.06.
Citi kept a Neutral rating and raised its target to SEK 241 from SEK 204 ahead of the October 22 results.
SEB reported SEK 4,355 billion in total assets and SEK 3,069 billion in assets under management as of June 30, 2026.

SW-Reportage eines Handelssaals, Symbolbild für Skandinaviska Enskilda Banken — Schwarzweiß-Reportage vom Handelssaal illustriert Investment-Banking-Geschäft von Skandinaviska Enskilda Banken, ISIN SE0000148884, an Nasdaq Stockholm, Illustration mit AI erstellt.

SEB A (ISIN SE0000148884) was at EUR 20.29 at Lang & Schwarz on October 9, 2026 at 12:28 p.m. CEST, plus 1.15 percent versus the prior close of EUR 20.06. On the same date, Börskollen reported that Barclays had raised its SEB rating from Equal Weight to Overweight and its target from SEK 204 to SEK 262. The change gives the October 9 analyst action a clear numerical anchor for SEB A stock.

Barclays targets SEK 262

Barclays said SEB is best positioned for a recovery in Swedish corporate lending, especially among large companies, according to Börskollen on October 9, 2026. The house also lifted its earnings-per-share forecasts for 2027 and 2028 by 7.00 percent to 10.00 percent, putting them 6.00 percent to 7.00 percent above consensus.

The valuation case is not one-sided. Placera reported on October 8, 2026 that Citi kept its Neutral rating but raised its target from SEK 204 to SEK 241 ahead of the third-quarter report. Citi cited higher costs and remained below consensus for the quarter.

What does the target change mean?

The target gap matters because Barclays moved its target SEK 58 higher, while Citi's increase was SEK 37. Barclays also reduced its required return on equity assumption from 9.00 percent to 8.00 percent, a change that supports the higher target but depends on the expected lending recovery.

Three dated company developments

On September 28, 2026, SEB continued a buyback program that totals SEK 1.25 billion, with SEB reporting 185,000 repurchased A shares for the period through October 2, 2026. On October 6, 2026, SEB announced that Johan Torgeby would resign and that Jonas Ahlström would become acting president and CEO.

On October 9, 2026, Barclays raised its target to SEK 262 from SEK 204 and upgraded the rating to Overweight. The sequence combines a capital-return program, a leadership transition and a more constructive lending forecast.

Dates for the next report

SEB's buyback program runs through October 20, 2026, while its third-quarter results are scheduled for October 22, 2026. The results date and the 06:30 a.m. CET release time were stated by SEB on October 5, 2026.

Stock remains below its yearly high

The primary listing is Nasdaq Stockholm, where SEB A was last quoted at SEK 226.70 on October 9, 2026 at 12:27 p.m. CEST. The 52-week range was SEK 168.20 to SEK 238.50, while market capitalization was SEK 441.7 billion on that date. For context, SEB said its total assets were SEK 4,355 billion and assets under management were SEK 3,069 billion as of June 30, 2026, according to its October 6, 2026 release.

At Lang & Schwarz, SEB A was trading at EUR 20.29 on October 9, 2026 at 12:28 p.m. CEST, plus 1.15 percent versus the prior close of EUR 20.06 on October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of SEB A stock.