BofA starts coverage on NKT stock with DKK 1,100 target

Published on 10/05/2026 at 16:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NKT stock costs EUR 119.65 on October 5, 2026 after EUR 120.20, minus 0.46 percent. BofA sees 23.18 percent upside from DKK 893.

Bauhaus-Poster mit Schriftzug ENERGY und Windrädern, Sektorbezug NKT A/S DK0010287663 — Bauhaus-Poster mit Wort ENERGY und geometrischen Windrädern symbolisiert den Sektor von NKT A/S, ISIN DK0010287663, Illustration mit AI erstellt.

NKT stock (ISIN DK0010287663) was trading at EUR 119.65 at Lang & Schwarz on October 5, 2026 at 4:30 p.m. CEST, down 0.46 percent versus the EUR 120.20 prior close. On October 5, 2026, BofA Global Research started coverage with a Buy rating and a DKK 1,100 price target, as Investing.com reported.

BofA sees a 23.18 percent gap

The DKK 1,100 target lies 23.18 percent above the DKK 893.00 reference price cited in the report. BofA said NKT is one of three major suppliers with the technology and expertise needed for high-voltage direct-current cable projects.

The research also places NKT at 10 times estimated 2028 core earnings, while NKT trades below 8 times that measure in the report. The difference frames the stock around execution risk as well as demand for European grid upgrades.

Second-quarter figures stayed flat

In the second quarter of 2026, NKT generated EUR 947.0 million in revenue and EUR 51.0 million in net income, both flat versus the second quarter of 2025, according to Simply Wall St. Earnings per share reached EUR 0.95 and exceeded the estimate by 3.90 percent.

The result gives the current valuation a more specific test: NKT needs project execution and margin improvement to convert its cable demand opportunity into stronger earnings. The company operates in high-, medium- and low-voltage cable solutions and services.

Investor Day sets a 20 percent floor

At its September 29, 2026 Investor Day, NKT said its 2026 financial outlook remained unchanged and set a minimum annual distribution of 20.00 percent of adjusted net profit, as stated in the NKT release carried by PR Newswire. The framework also covers organic investment, acquisitions and potential buybacks or extraordinary dividends.

The capital plan sits alongside a EUR 2.0 billion investment program. EnergyWatch reported that working capital drained EUR 242.0 million in the first half of 2026, highlighting why cash generation remains central to the new policy.

NKT stock remains below its yearly high

The Lang & Schwarz quote was EUR 119.65 on October 5, 2026 at 4:30 p.m. CEST, minus 0.46 percent versus the EUR 120.20 prior close. On Nasdaq Copenhagen, the primary-market quote was DKK 896.00 at 4:33 p.m. CEST, within a DKK 652.00 to DKK 1,135.00 52-week range.

The further course of trading is shown by the continuously updated real-time quote of NKT stock.