Barclays raises target for Swedbank stock to SEK 467 up from SEK 347

Published on 10/09/2026 at 12:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barclays now sees SEK 467 versus SEK 347 in its October 7, 2026 report. Swedbank stock costs EUR 35.95 on October 9, 2026 after EUR 35.58, plus 1.04 percent.

Key points in brief

Barclays upgraded Swedbank to Overweight and raised its target from SEK 347 to SEK 467 in a report released October 7, 2026.
Swedbank reported a 15.50 percent adjusted return on equity and a 17.40 percent Common Equity Tier 1 ratio for Q2 2026.
The Lang & Schwarz quote was EUR 35.95 on October 9, 2026, up 1.04 percent from EUR 35.58.
Swedbank is scheduled to release its January to September 2026 interim report on October 22, 2026.

Pop-Art-Comic zeigt lächelnde Bankangestellte und Kunden am Schalter mit Sparschwein — Swedbank AB (SE0000242455) wird in dieser farbenfrohen Pop-Art-Comicszene als freundliche Bankfiliale dargestellt, Illustration mit AI erstellt.

Swedbank A (ISIN SE0000242455) was trading at EUR 35.95 at Lang & Schwarz on October 9, 2026 at 12:19 p.m. CEST, up 1.04 percent versus the prior close of EUR 35.58. The immediate catalyst is Barclays' upgrade of Swedbank to Overweight from Equalweight and its target increase to SEK 467 from SEK 347 in a report released October 7, 2026, as Investing.com reports.

Barclays raises its target

Barclays cited Swedbank's rate sensitivity and Baltic exposure, which represented 27 percent of total income in fiscal year 2025. The firm also increased its fiscal year 2026 to 2028 earnings per share estimates by 1 percent to 6 percent and reduced its cost-of-equity assumption to 8 percent from 9 percent, according to Investing.com.

The target of SEK 467 stood 16.26 percent above the SEK 401.70 primary-exchange quote at 10:20 a.m. CEST on October 9, 2026. That comparison uses the Nasdaq Stockholm quote in Swedish kronor and is separate from the euro quotation used for the German investor perspective.

Three milestones shaped the stock

On June 30, 2026, Swedbank's Q2 2026 key figures included a 15.50 percent adjusted return on equity, a 0.39 cost-income ratio, a 17.40 percent Common Equity Tier 1 capital ratio and a 0.06 percent credit impairment ratio, according to Swedbank. On September 21, 2026, BNP Paribas resumed coverage with an Outperform rating and a SEK 500 target, as MarketScreener reported. On October 7, 2026, Barclays raised its target to SEK 467 from SEK 347, completing the latest sequence of analyst actions.

What does the next report add?

Swedbank will release its interim report for January to September 2026 on October 22, 2026 at 7:00 a.m. CEST, followed by an investor conference at 9:30 a.m. CEST, according to Swedbank. Finanzen.ch reported that 13 analysts forecast average earnings per share of SEK 7.28 for the quarter ending September 30, 2026, versus SEK 7.57 in the prior-year quarter, while 10 analysts expect revenue of SEK 18.33 billion, down 41.54 percent from SEK 31.36 billion, on October 7, 2026.

The next scheduled shareholder event is Swedbank's AGM on April 7, 2027. For the stock, the key test is whether the coming report supports Barclays' higher earnings assumptions while the bank maintains the Q2 capital and profitability profile.

Stock rises with a clear target gap

The Lang & Schwarz quote was EUR 35.95 in trading on October 9, 2026 at 12:19 p.m. CEST, compared with the prior close of EUR 35.58. The primary listing is Nasdaq Stockholm, where the stock was quoted at SEK 401.70 at 10:20 a.m. CEST; the 52-week range was SEK 281.20 to SEK 416.10. The further course of trading is shown by the continuously updated real-time quote of Swedbank A stock.