Beijer Ref stock gains as Barclays trims target and ABG Sundal Collier raises its view
Published on 09/18/2026 at 15:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Beijer Ref stock (ISIN SE0015949748) drew investor attention on September 18, 2026, as two major analyst houses updated their views, with Barclays cutting its target price from 172 SEK to 170 SEK while maintaining an Overweight rating and ABG Sundal Collier lifting its target from 165 SEK to 170 SEK on a Buy recommendation.
Analysts adjust targets for Beijer Ref
According to MarketScreener on September 18, 2026, Barclays reaffirmed its Overweight rating on Beijer Ref while trimming the target price from 172 SEK to 170 SEK, signaling only a modest downward revision to its valuation while still seeing upside in the stock.
As Placera reported on September 18, 2026, ABG Sundal Collier increased its target price for Beijer Ref from 165 SEK to 170 SEK and reiterated a Buy rating, aligning its new target level with that of Barclays and underlining continued confidence in the company’s growth prospects.
Stock price and recent performance
Price data from Swedish market portals on September 18, 2026, showed Beijer Ref B shares trading on Nasdaq Stockholm around 139.00 SEK during the session, compared with a prior indication near 144.50 SEK mentioned intraday, which pointed to short-term fluctuations as the market digested the fresh analyst commentary.
On the same date, one portal snapshot cited a one-day move of 2.51% for Beijer Ref B at a last price of 139.00 SEK, while another report referenced an earlier level of 144.50 SEK and a daily change of 3.96%, illustrating how intraday volatility around the analyst updates influenced trading as investors reassessed the stock’s upside against the new 170 SEK target corridor.
Fundamentals and growth context
A recent background article on Beijer Ref described the company as one of the largest refrigeration and HVAC wholesalers globally, operating in 45 countries across Europe, North America, Africa, Asia and Oceania, and noted that its shares are listed on Nasdaq Stockholm, underlining the group’s scale and international footprint in cooling technology distribution.
The same report highlighted that Beijer Ref’s revenue in fiscal year 2025 reached 37.0 billion SEK, compared with 35.6 billion SEK in fiscal year 2024, an increase of 4% that demonstrates steady top-line growth in its core markets even before the latest analyst revisions to the stock’s valuation.
For profitability, Beijer Ref was reported to have generated net profit of 2.4 billion SEK in fiscal year 2025 versus 2.2 billion SEK in fiscal year 2024, which corresponds to a 9% increase after adjusting for comparison factors, indicating that earnings grew faster than revenue and that margins improved in the period.
Analyst confidence and risk factors
The convergence of Barclays’ and ABG Sundal Collier’s 170 SEK target prices suggests that leading analysts see Beijer Ref stock as offering upside from current trading levels while still factoring in operating risks such as cyclical demand for refrigeration equipment, energy-efficiency regulation costs and potential integration challenges as the company continues to expand across its global footprint.
At the same time, the modest cut by Barclays of 2 SEK from its previous 172 SEK target sits next to ABG Sundal Collier’s 5 SEK increase, giving investors a quantified range of analyst adjustments and reinforcing the picture of broadly stable, though carefully calibrated, expectations for Beijer Ref’s earnings and cash flow generation in the near term.
Beijer Ref stock on Nasdaq Stockholm
Beijer Ref stock trades primarily on Nasdaq Stockholm, and the latest price indications around the mid-130 to mid-140 SEK band as of September 18, 2026 place the shares below the 170 SEK target level now used by both Barclays and ABG Sundal Collier, which implies that the stock still carries a potential gap to those analyst valuations that investors may monitor as new quarterly figures are released.
Key data on Beijer Ref stock
- Company: Beijer Ref AB
- ISIN: SE0015949748
- Ticker: BEIJ B
- Trading venue: Nasdaq Stockholm
- Sector / Industry: Industrials / Building Products, HVAC and refrigeration distribution
- Index membership: Sweden mid-cap segment (Nasdaq Stockholm)
