SSAB stock draws support from Bank of America

Published on 09/21/2026 at 14:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bank of America raised SSAB to SEK 122 from SEK 120 on September 21, 2026. The SSAB stock consensus target stands at SEK 110.57 with 14 analysts.

Fotorealistische Aufnahme eines schwedischen Stahlwerks mit glühenden Stahlblechen — Fotorealistisches Bild zeigt SSAB AB, ISIN SE0000108656, mit typischer Stahlwerk-Anlage und Stahlblechen in Skandinavien, Illustration mit AI erstellt.

SSAB stock (ISIN SE0000108656) is trading at SEK 106.20, down 0.93 percent, while Bank of America lifted its target to SEK 122 from SEK 120 on September 21, 2026. The same consensus view from MarketScreener shows 14 analysts, an average target of SEK 110.57 and a last close of SEK 107.20.

Target moves above consensus

According to MarketScreener, Bank of America raised its target for SSAB to SEK 122 from SEK 120 and kept a neutral rating on September 21, 2026. The new target sits SEK 11.43 above the average analyst target of SEK 110.57 shown in the same overview.

According to Placera, Bank of America sees the largest downside risk among European steel peers into the third-quarter results and estimates 12 percent downside to SSAB's EBITDA versus consensus. The same note says energy costs are a key pressure point.

Consensus and risk

MarketScreener's consensus page puts the last close at SEK 107.20, which leaves SSAB about 0.9 percent below Bank of America's new target and 3.14 percent below the average target of SEK 110.57. That gap is small, but it shows the stock is already priced close to the analyst average.

Stock level

SSAB stock changes hands at SEK 106.20 as of September 21, 2026, on Cboe Europe data cited in the market snapshot. The quote sits below the average target and above the latest close of SEK 107.20 shown in the analyst overview.