Stora Enso stock trades at EUR 10.21 as Jefferies lifts target

Published on 09/30/2026 at 15:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 adjusted EBIT rose 27 percent to EUR 160 million on July 23, 2026. Stora Enso stock was trading at EUR 10.21, with a minus 0.58 percent daily change versus EUR 10.27.

Stora Enso, FI0009005961, Illustration mit AI erstellt.

Stora Enso stock (ISIN FI0009005961) was trading at EUR 10.21 at Lang & Schwarz on September 30, 2026, at 3:32 p.m. CEST, down 0.58 percent versus the prior close of EUR 10.27. On September 22, 2026, Jefferies raised its price target to EUR 12.50 from EUR 12.15 and reiterated its buy rating, MarketScreener reported. The new target was 22.43 percent above the Lang & Schwarz price.

Jefferies sees a higher target

The analyst case rests on operational improvement rather than a broad market call. Jefferies expects EBIT of EUR 146 million in Q3/2026, which the bank described as 8 percent below consensus, followed by EUR 176 million in Q4/2026, according to MarketScreener on September 22, 2026.

The difference between the forecast periods is EUR 30 million, or 20.55 percent. Higher kraftliner prices, the ramp-up at Oulu and cost measures of EUR 500 million to EUR 700 million are the main factors cited in the analysis, MarketScreener reported.

Q2 shows operational progress

Stora Enso's Q2/2026 earnings call showed adjusted EBIT of EUR 160 million, an increase of 27 percent from the comparable period, while sales were stable at EUR 2.4 billion. The figures were presented on July 23, 2026, in the company's earnings call transcript carried by Yahoo Finance.

Management linked the improvement to operational actions, higher volumes and progress at Oulu. Consumer packaging was a key contributor, while weaker external wood prices in Sweden, higher sawlog costs in Central Europe and currency effects continued to weigh on the wider group, according to Yahoo Finance.

Stock trades below analyst target

The market snapshot puts the analyst target 22.43 percent above the current euro quote, but the daily comparison remains tied to the Lang & Schwarz prior close rather than to the Nasdaq Helsinki listing. Stora Enso also trades in Stockholm, while the reference price for this article is the euro quotation from Lang & Schwarz.

For investors, the key contrast is clear: Q2 adjusted EBIT improved 27 percent year over year, yet Jefferies still expects Q3 EBIT of EUR 146 million before a projected EUR 176 million in Q4/2026. That gap makes the Oulu ramp-up, kraftliner pricing and cost program central to the next market assessment.