DNB Carnegie cuts target for Securitas stock to SEK 185

Published on 10/01/2026 at 11:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted margin reached 7.60 percent in the second quarter of 2026. Securitas stock costs EUR 13.45 after EUR 13.56 on October 1, 2026.

Aquarellmalerei der Stockholmer Altstadt-Skyline mit Türmen und Wasser bei Sonnenuntergang — Securitas AB (ISIN SE0000163594) hat seinen Konzernsitz in Stockholm, dem Ausgangspunkt des internationalen Sicherheitsgeschäfts, Illustration mit AI erstellt.

Securitas stock (ISIN SE0000163594) was trading at EUR 13.45 at Lang & Schwarz on October 1, 2026 at 10:59 a.m. CEST, down 0.81 percent versus the prior close of EUR 13.56. As MarketScreener reported on September 30, 2026, DNB Carnegie cut its target from SEK 190 to SEK 185 and reiterated its Buy rating. The target revision gives the latest analyst view a more cautious valuation signal even as the recommendation remains positive.

Second-quarter margin improves

According to Securitas in its interim report dated July 24, 2026, total sales reached SEK 37.84 billion in the second quarter of 2026, compared with SEK 38.56 billion a year earlier. Adjusted operating margin rose to 7.60 percent from 7.50 percent, while earnings per share increased to SEK 2.88 from SEK 2.56.

The operating improvement is visible despite lower reported sales. Operating income before amortization reached SEK 2.82 billion in the second quarter, compared with SEK 2.80 billion in the same period of 2025, and operating cash flow represented 87 percent of operating income.

Technology remains the profit lever

The same report said real sales growth in technology and solutions reached 5 percent in the second quarter of 2026. Securitas also reported that installation order intake and backlog grew in its global technology business, while the company continued portfolio actions tied to underperforming European contracts.

Securitas set a 2030 target of 10 percent average annual earnings per share growth over a business cycle, alongside a long-term operating margin ambition above 10 percent. Net debt to EBITDA stood at 2.2 at the end of the second quarter, down from 2.4 a year earlier, giving the margin strategy a balance-sheet comparison.

Target cut meets a measured price

The reference price remains below DNB Carnegie's revised SEK 185 target in the Swedish listing context, while the euro quote reflects the separate German trading perspective. Securitas had a market capitalization of SEK 87.2 billion and a 52-week range of SEK 134.90 to SEK 172.00 as of October 1, 2026.

At Lang & Schwarz, Securitas was trading at EUR 13.45 on October 1, 2026 at 10:59 a.m. CEST, down 0.81 percent versus the prior close of EUR 13.56. The further course of trading is shown by the continuously updated real-time quote of Securitas stock.