UBS cuts target for Castellum stock to SEK 135 from SEK 145
Published on 10/13/2026 at 03:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- UBS cut its Castellum target from SEK 145 to SEK 135 on October 5, 2026 and kept a neutral rating.
- Second-quarter revenue rose 4.30 percent year over year to SEK 2.42 billion.
- Castellum will hold an extraordinary general meeting on October 14, 2026, followed by its third-quarter report on October 22, 2026.
- The stock last traded at SEK 119.15 on Nasdaq Stockholm on October 12, 2026, with a market capitalization of SEK 54.0 billion.
UBS cut its Castellum stock target from SEK 145 to SEK 135 and kept a neutral rating on October 5, 2026, according to Affärsvärlden. The decision places the Swedish property company between a lower UBS valuation and the next set of operating figures.
Three dates reshape the setup
On September 18, 2026, Castellum called an extraordinary general meeting and reported 477,526,355 shares and votes, including 47,040,587 own shares, according to Nasdaq. On September 25, 2026, Castellum announced a plan to reduce administrative costs by 15 percent, equivalent to approximately SEK 100 million, while moving from four regions to two, according to MFN. On October 8, 2026, Castellum announced that its January to September report would be published on October 22, 2026, according to TradingView.
What does October 22 mean?
The third-quarter report will test whether the efficiency plan is beginning to offset the pressure from a smaller property portfolio. In the second quarter of 2026, revenue increased 4.30 percent year over year to SEK 2.42 billion, while operating profit reached SEK 1.66 billion, according to Affärsvärlden. Net income was SEK 634 million in the same quarter, compared with SEK 189 million in the second quarter of 2025, a year-over-year increase of 235.45 percent.
The cost target gives the upcoming report a clear operational benchmark. A 15.00 percent administrative reduction and SEK 100.00 million in targeted savings are the figures to compare with management's implementation commentary, while UBS's SEK 135.00 target remains below its earlier SEK 145.00 level.
Dates for the capital structure
Castellum's extraordinary general meeting is scheduled for October 14, 2026, with proposals covering authority over own shares and a share-capital reduction through cancellation of 46,541,184 repurchased shares, according to Nasdaq. The next two scheduled dates are therefore October 14, 2026 for the meeting and October 22, 2026 for the third-quarter report.
Stock position before the report
On Nasdaq Stockholm, the stock last traded at SEK 119.15 on October 12, 2026 at 5:29 p.m. CEST. The same quote showed a 52-week range of SEK 100.25 to SEK 137.30 and a market capitalization of SEK 54.0 billion, placing the price 13.21 percent below the 52-week high.
The last Lang & Schwarz indication was EUR 10.62 on October 12, 2026 at 11:00 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Castellum stock.
Castellum stock facts
- Company: Castellum AB (publ)
- ISIN: SE0000379190
- Ticker: CAST.ST
- Primary exchange: Nasdaq Stockholm
- Last Lang & Schwarz indication as of October 12, 2026, 11:00 p.m. CEST: EUR 10.62
- Market capitalization: SEK 54.0 billion (as of October 12, 2026)
- 52-week range: SEK 100.25-137.30 (as of October 12, 2026)
- Sector / Industry: Real estate
- Index membership: OMXS30
Market context: Market report OMXS30.
