Morgan Stanley cuts target for Nibe Industrier stock to SEK 45.00

Published on 10/15/2026 at 15:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nibe Industrier reported SEK 10.85 billion in second-quarter revenue, up 12.40 percent. Nibe Industrier stock costs EUR 3.98 on October 15, 2026 at 3:31 p.m. CEST, down 0.13 percent on Nasdaq Stockholm.

Valuation and calendar markers

On October 9, 2026, Morgan Stanley cut its target from SEK 47.00 to SEK 45.00.
Nibe Industrier reported SEK 10.85 billion in second-quarter revenue, up 12.40 percent.
Nibe Industrier stock costs EUR 3.98 at Lang & Schwarz on October 15, 2026 at 3:31 p.m. CEST, down 0.13 percent on Nasdaq Stockholm.
The trailing P/E ratio was 33.91 and market capitalization was SEK 88.6 billion as of October 15, 2026.

Bauhaus-Grafik zeigt Heizkörper, Flamme und geometrische Formen in Orange — Nibe Industrier AB (SE0015988019) illustriert geometrisches Bauhaus Poster mit stilisiertem Heizkörper und dem Wort ENERGY, Illustration mit AI erstellt.

Morgan Stanley cut its Nibe Industrier target from SEK 47.00 to SEK 45.00 on October 9, 2026, leaving the target 1.31 percent above the SEK 44.42 home-market price. According to Affarsvärlden, the bank lowered the target while maintaining an Equal Weight view. Nibe Industrier stock was trading at EUR 3.98 at Lang & Schwarz on October 15, 2026 at 3:31 p.m. CEST, down 0.13 percent on Nasdaq Stockholm versus the prior close.

Revenue reached SEK 10.85 billion

Nibe's second-quarter revenue reached SEK 10.85 billion, an increase of 12.40 percent from SEK 9.65 billion in the first quarter. The company's operating profit was SEK 1.11 billion in the second quarter, compared with SEK 747.00 million in the first quarter. Net income came to SEK 751.00 million, up from SEK 505.00 million in the prior quarter. These figures are reported in the latest period table carried by Affärsvärlden.

Price remains below the target

The home-market quote was SEK 44.42 on October 15, 2026 at 3:35 p.m. CEST, with a daily change of minus 0.13 percent. The euro quotation from Lang & Schwarz was EUR 3.98 at 3:31 p.m. CEST. The bid was EUR 3.98 and the ask was EUR 3.98.

Valuation and next report date

Nibe carried a market capitalization of SEK 88.6 billion, a trailing P/E ratio of 33.91 and a dividend yield of 0.80 percent as of October 15, 2026. The average target of 13 analysts was SEK 46.15 on October 7, 2026, according to TickerLandia. Nibe's next interim report is scheduled for November 17, 2026, according to Affärsvärlden.

Comparison with peers

Nibe Industrier: minus 0.13 percent, P/E 33.91, market capitalization SEK 88.6 billion

Munters Group (Nasdaq Stockholm, SEK): minus 3.90 percent, P/E 45.10, market capitalization SEK 23.0 billion

OMX Stockholm 30: no company-level P/E or market capitalization figure is included.

Stock price and investor calendar

Nibe combines a 12.40 percent second-quarter revenue increase with a SEK 45.00 Morgan Stanley target and a scheduled November 17 report. The next published figures will test whether the improved operating result can support the valuation.

The further course of trading is shown by the continuously updated real-time quote of Nibe Industrier stock.