Epiroc stock gets a higher SEK 317.00 Citigroup target

Published on 09/30/2026 at 14:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Epiroc stock carries Citigroup's SEK 317.00 target after the September 29, 2026 upgrade. Q2 orders reached SEK 17.3 billion, up 13.00 percent organically.

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Epiroc stock (ISIN SE0015658109) was trading at EUR 23.55 at Lang & Schwarz on September 30, 2026, up 0.08 percent from the prior close of EUR 23.53. The key company signal is Citigroup's higher Swedish-krona price target, while Epiroc's latest quarter showed double-digit order growth.

Citigroup raises its target

According to Börskollen on September 29, 2026, Citigroup kept its Buy recommendation and lifted the target to SEK 317.00 from SEK 301.00. The bank expects Epiroc's third-quarter order intake to exceed consensus, driven by stronger equipment orders.

The upgrade gives the stock a clear expectations benchmark before the next report. Citigroup also expects order momentum to increase in 2027, with its equipment-order estimates 8.00 percent above consensus for 2027 and 10.00 percent above consensus for 2028, according to the same September 29, 2026 report from Börskollen.

Q2 growth supports the case

Epiroc's Q2 2026 report, published on July 17, 2026, showed orders received of SEK 17.3 billion, an increase of 13.00 percent organically. Revenue rose 10.00 percent to SEK 16.7 billion, while operating profit increased 17.00 percent to SEK 3.3 billion, according to Cision.

The operating margin was 19.90 percent, compared with 18.70 percent in Q2 2025. Adjusted operating profit reached SEK 3.35 billion, with an adjusted margin of 20.10 percent versus 19.70 percent a year earlier. The comparison points to operational leverage, although the equipment mix remains important for margins.

New order adds a dated catalyst

On September 30, 2026, Global Mining Review reported that Epiroc won an underground-equipment order from Sibanye-Stillwater for a platinum mine in South Africa. The equipment includes low-profile loaders, utility vehicles and cassettes, with deliveries scheduled to begin in Q4 2026.

The next scheduled reporting checkpoint is October 28, 2026, when Epiroc is expected to publish its Q3 2026 report, according to the company calendar carried by MFN.se.

Epiroc stock stays near its yearly high

Epiroc stock was trading at EUR 23.55 at Lang & Schwarz on September 30, 2026 at 1:51 p.m. CEST, plus 0.08 percent versus the prior close of EUR 23.53. On Nasdaq Stockholm, the share was last at SEK 266.90 on September 30, 2026 at 1:58 p.m. CEST, against a 52-week range of SEK 186.60 to SEK 284.30. Market capitalization stood at SEK 322.8 billion on the same date.