Danske Bank cuts target for Orkla stock to NOK 140

Published on 10/13/2026 at 05:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Orkla repurchased 2,052,000 shares through October 6, 2026. For Orkla stock, the tally reached 28,119,931 treasury shares.

Key points in brief

Danske Bank cut its Orkla target from NOK 150 to NOK 140 while keeping a Buy rating on October 8, 2026.
Orkla's buyback reached 4,492,000 shares and NOK 415.8 million in total consideration by October 6, 2026.
Orkla reported NOK 16.7 billion in second-quarter 2026 revenue and NOK 1.67 billion in net income.
The last Lang & Schwarz quote was EUR 8.68 on October 12, 2026 at 11:00 p.m. CEST.

Makroaufnahme von Gewürzen und Zutaten, symbolisch für Orkla ASA Lebensmittelproduktion — Orkla ASA NO0003733800 fokussiert eine Makroaufnahme von Gewürzen und Lebensmittelzutaten in extremer Nahaufnahme mit Textur, Illustration mit AI erstellt.

Danske Bank cut its Orkla target from NOK 150 to NOK 140 and kept a Buy rating on October 8, 2026, according to Placera. Orkla stock carries a separate capital-return signal through its ongoing buyback program.

Three dated buyback milestones

On September 21, 2026, Orkla launched a program for up to 80,000,000 shares and NOK 4.0 billion, with the program scheduled to run through December 31, 2027, according to Inderes.

On October 7, 2026, the company disclosed purchases of 2,052,000 shares between September 30 and October 6 at a weighted average price of NOK 91.64. The accumulated program reached 4,492,000 shares, NOK 415.8 million in consideration and 28,119,931 shares held in treasury, equal to 2.85 percent of share capital, according to TradingView.

What does the target cut mean?

The NOK 10 reduction in Danske Bank's target is a quantified counterweight to the buyback. It points to a more cautious valuation signal even as the bank retained its Buy rating, giving the market two opposing inputs: lower valuation expectations and continued capital returns.

Orkla's latest reported quarter supplied a mixed operating base. In the second quarter of 2026, revenue was NOK 16.7 billion, while net income reached NOK 1.67 billion and diluted earnings per share were NOK 1.70, according to the company's investor relations page. The revenue figure gives the target cut a fundamental context, while the buyback reduces the share count used in per-share calculations.

Upcoming reporting date

Orkla's next scheduled results release is listed for November 6, 2026, for the third quarter of 2026, according to MarketScreener. That report will provide the next comparable test of revenue, earnings and the effect of the capital-return policy.

Last euro quote before the report

Orkla stock was last at EUR 8.68 at Lang & Schwarz on October 12, 2026 at 11:00 p.m. CEST. The Oslo Bors quotation closed at NOK 92.90 on October 12, 2026, with a market capitalization of NOK 90.8 billion and a 52-week range of NOK 90.00 to NOK 131.20.

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