Barclays upgrades Handelsbanken stock to Equal Weight

Published on 10/12/2026 at 10:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barclays raised its target to SEK 146.00 from SEK 127.00 on October 9, 2026. Handelsbanken stock was EUR 13.59 at Lang & Schwarz on October 12, 2026.

Key points in brief

Barclays upgraded Handelsbanken from Underweight to Equal Weight and raised its target from SEK 127.00 to SEK 146.00.
The next interim report is scheduled for October 21, 2026, at 07:00 a.m. CET.
Second-quarter operating profit was SEK 6.68 billion, down from SEK 8.20 billion in the first quarter.
Handelsbanken A was trading at EUR 13.59 at Lang & Schwarz on October 12, 2026, at 10:37 a.m. CEST.

Architektur-Render eines modernen Glashochhauses im Finanzviertel bei Tageslicht — Svenska Handelsbanken (SE0007100599) unterhält Konzernstrukturen in modernen Bürotürmen, symbolisiert durch dieses architektonische Glashochhaus-Render, Illustration mit AI erstellt.

Handelsbanken A (ISIN SE0007100599) was trading at EUR 13.59 at Lang & Schwarz on October 12, 2026, at 10:37 a.m. CEST. On October 9, 2026, Barclays upgraded the bank from Underweight to Equal Weight and raised its target from SEK 127.00 to SEK 146.00, according to Placera.

Three dates shape the story

On July 15, 2026, Handelsbanken reported second-quarter operating profit of SEK 6.68 billion, compared with SEK 8.20 billion in the first quarter, according to Affärsvärlden. On October 7, 2026, the bank announced that its January to September interim report would be published at 07:00 a.m. CET on October 21, 2026, per Nasdaq. Barclays' rating and target change on October 9, 2026, is the latest of the three events.

What does the target change mean?

Barclays' new SEK 146.00 target remains 4.10 percent below the SEK 152.25 Nasdaq Stockholm quote at 10:38 a.m. CEST on October 12, 2026. The calculation uses the target and the same-currency Swedish share price, keeping the analyst view separate from the EUR quotation used for German investors.

The bank's second-quarter operating margin was 49.60 percent, down from 55.50 percent in the first quarter, while second-quarter net income reached SEK 5.23 billion. The margin comparison gives the rating change a more cautious earnings context than the upgrade alone suggests.

Report date sets the next test

Handelsbanken's investor-relations calendar lists October 21, 2026, at 07:00 a.m. CET for the interim report and 08:15 a.m. CET for the presentation, according to Handelsbanken. The January to September figures will show whether the lower second-quarter margin was temporary or part of a broader trend in earnings.

At SEK 152.25 on Nasdaq Stockholm, the share stood within its current SEK 116.80 to SEK 157.90 52-week range on October 12, 2026. The market capitalization was SEK 296.1 billion at the same market-data snapshot.

EUR 13.59 at Lang & Schwarz

The Handelsbanken A share was trading at EUR 13.59 at Lang & Schwarz on October 12, 2026, at 10:37 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Handelsbanken A stock.