Jefferies raised Storebrand target from NOK 142.00 to NOK 224.00 for Storebrand stock

Published on 10/08/2026 at 12:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Storebrand stock costs EUR 17.30 on October 8, 2026, down 2.04 percent from EUR 17.66. Q2 result rose 26.00 percent year over year.

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Storebrand stock was trading at EUR 17.30 at Lang & Schwarz on October 8, 2026 at 12:44 p.m. CEST. As Borskollen reported on October 6, 2026, Jefferies had upgraded Storebrand from Hold to Buy and raised its target from NOK 142.00 to NOK 224.00. The revision gives the analyst call a clear numerical anchor, while the stock itself was down 2.04 percent against the prior close.

Jefferies raises the target

The target increase of NOK 82.00 represents a 57.75 percent rise from NOK 142.00, calculated against the former target. Borskollen also reported that Jefferies was neutral on the Nordic insurance sector, citing slower price increases and the interest-rate environment as factors limiting the sector outlook.

That combination matters for Storebrand because the upgrade was company-specific rather than a broad sector call. Borskollen said Jefferies expected annual earnings growth of 16.00 percent between 2026 and 2028, driven by savings and property and casualty insurance.

Second-quarter earnings set the base

Storebrand's second-quarter 2026 result reached NOK 1.80 billion, up 26.00 percent from the same quarter of 2025, while operating earnings increased 17.00 percent. These figures come from the Yahoo Finance transcript of the second-quarter 2026 results presentation.

The same presentation put assets under management at NOK 1,658 billion, up 10.00 percent year over year, and said the solvency margin ended the quarter at 200.00 percent. Insurance performance was a key driver, but the company also identified weaker performance fees and disability-related reserve strengthening in corporate insurance as counterweights.

Third-quarter date is set

Storebrand had scheduled its third-quarter 2026 results for October 21, 2026. The company said in its Storebrand ASA release dated October 7, 2026, that the stock exchange notification would be issued at 7:00 a.m. CET and the English investor conference would begin at 10:00 a.m. CET.

The next report therefore provides the first scheduled test of the earnings trajectory behind the Jefferies upgrade. The key comparison will be whether insurance growth and savings activity continue to offset pressure from fees, funding costs and corporate disability claims.

Stock trades below prior close

Storebrand was trading at EUR 17.30 at Lang & Schwarz on October 8, 2026 at 12:44 p.m. CEST, down 2.04 percent versus the prior close of EUR 17.66 on October 7, 2026. The primary listing is Storebrand's STB.OL share on Oslo Bors, quoted in NOK, while the Lang & Schwarz indication remains the relevant euro reference for this article. The further course of trading is shown by the continuously updated real-time quote of Storebrand stock.