Handelsbanken A stock holds near SEK 153 after analyst downgrade

Published on 09/22/2026 at 16:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Handelsbanken A stock closed at SEK 153.15 on September 21, 2026, 2.10 percent above BNP Paribas' target. The average target is SEK 137.18.

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Handelsbanken A (ISIN SE0007100599) closed at SEK 153.15 on Nasdaq Stockholm on September 21, 2026, down 1.23 percent. The price remained 2.10 percent above the SEK 150 target attached to the latest analyst update, putting valuation rather than a sharp price break at the center of the latest session.

BNP Paribas sets SEK 150 target

According to Ad Hoc News on September 21, 2026, BNP Paribas resumed coverage with an Underperform rating and a SEK 150 price target. The target was SEK 3.15 below the closing price, a gap of 2.10 percent.

The recommendation adds a clear counterweight to the share's recent market position. Handelsbanken A was quoted at SEK 155.28 at 10:10:35 on September 22, 2026, down 0.08 percent at that snapshot, while the stock was up 2.21 percent over five trading days and 15.33 percent since January 1, 2026, according to the dated market data shown by MarketScreener.

Profit outlook meets rate sensitivity

Handelsbanken's latest available company profile lists the third quarter 2026 results for October 21, 2026, giving the market a concrete next reporting date. The bank's published business mix includes corporate banking at 43.5 percent of income and retail banking at 33.6 percent, while asset management contributes 11.5 percent.

The operating footprint also remains concentrated in its core regions. At the end of 2024, the group managed SEK 1,320.5 billion in deposits and SEK 2,372.1 billion in loans, with Sweden accounting for 63.4 percent of revenue and the United Kingdom for 19.0 percent. Those historical figures do not replace the upcoming third-quarter report, but they show why Swedish rates, mortgage pricing and domestic credit demand remain material valuation drivers.

Stock stays above SEK 150

For investors, the key numerical tension is straightforward: the September 21 close of SEK 153.15 was above BNP Paribas' SEK 150 target, while the average analyst target shown on September 22 was SEK 137.18, 11.73 percent below the latest closing reference of SEK 155.40 in the MarketScreener overview. The spread points to a more cautious analyst view than the year-to-date share performance suggests.

Handelsbanken A therefore enters the next reporting checkpoint with a recent price gain, a fresh Underperform call and a market valuation that remains above the latest named target. The October 21, 2026 results date is the next concrete event listed for the bank.