Beijer Ref stock rises 1.79 percent as analysts reset targets

Published on 09/25/2026 at 13:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Beijer Ref stock posted 6 percent sales growth in Q2 2026, with net profit rising 5 percent to SEK 834 million. Citi and Barclays changed their targets in September.

Modernes Lagerhaus mit Kälte- und Klimatechnik-Komponenten auf Regalen und Gabelstapler — Beijer Ref AB (SE0015949748) vertreibt Kältetechnik und HVAC-Komponenten über weltweite Großhandelslager mit Logistik, Illustration mit AI erstellt.

Beijer Ref stock (ISIN SE0015949748) was trading at SEK 147.90 on Nasdaq Stockholm on September 25, 2026, up 1.79 percent from the previous close. The move follows a week of fresh analyst revisions, including higher and lower target prices for the Swedish refrigeration distributor.

Analysts reset their targets

According to MarketScreener on September 21, 2026, Citi raised its target price from SEK 145 to SEK 150 and retained a Neutral rating. The same report said Citi lifted its adjusted earnings-per-share forecasts for 2026, 2027 and 2028 by 2 percent, 6 percent and 5 percent.

Barclays took the opposite direction on the target while retaining an Overweight rating. As MarketScreener reported on September 18, 2026, the bank cut its target from SEK 172 to SEK 170 and forecast organic growth of 3.5 percent in Q3, compared with 0.3 percent in the first half.

Q2 growth was acquisition led

Beijer Ref reported 6 percent sales growth in Q2 2026, of which 1 percent was organic, according to the Yahoo Finance transcript dated July 17, 2026. Net profit increased 5 percent to SEK 834 million, while EPS rose 5 percent to SEK 1.63.

The regional split remains important for the next reporting checkpoint. The Q2 call identified EMEA as the main growth driver, while U.S. organic growth was negative 3 percent. That contrast gives the Q3 report a clear test: whether stronger European demand can offset continued pressure in the U.S. distribution business.

Acquisitions add another test

On September 11, 2026, Beijer Ref agreed to acquire 75 percent of Greek HVAC distributor FG Europe, with an option to buy the remaining shares, MarketScreener reported. The transaction is expected to have a small positive earnings effect and still requires competition approval.

Stock trades below yearly high

Beijer Ref stock was trading at SEK 147.90 on September 25, 2026. Its 52-week range was SEK 121.95 to SEK 160.40, while market capitalization stood at SEK 74,985,743,700 and volume reached 92,166 shares. The next scheduled earnings release is October 21, 2026, for Q3 2026.