Danske Bank raises target for Storebrand stock to NOK 245.00
Published on 10/01/2026 at 16:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Storebrand stock (ISIN NO0003053605) was trading at EUR 17.55 at Lang & Schwarz on October 1, 2026 at 4:03 p.m. CEST, down 0.11 percent versus the prior close of EUR 17.57. Danske Bank raised its Storebrand target from NOK 200.00 to NOK 245.00 on September 9, 2026, according to MarketScreener.
Target moves above market price
The new target is NOK 45.00 above the former level, a 22.50 percent increase calculated from NOK 200.00. Against the Oslo Bors quote of NOK 190.60 at 4:02 p.m. CEST on October 1, 2026, the new target lies 28.44 percent above the primary-exchange price.
The target change follows Storebrand's second-quarter performance. The company reported a result of NOK 1.80 billion for the second quarter of 2026, up 26 percent from the same quarter of 2025, while operational earnings increased 17 percent, according to Yahoo Finance.
Insurance drives second-quarter growth
Storebrand's insurance portfolio premiums grew 12 percent year over year in the second quarter of 2026, while the insurance segment result rose to NOK 480 million from NOK 289 million. The combined ratio improved to 87 percent from the same quarter of 2025, supporting the group's earnings growth, according to Yahoo Finance.
The first-half 2026 result reached NOK 3.20 billion, up 22 percent from the first half of 2025. Storebrand also reported NOK 1.00 billion in share buybacks during the first half and launched a further NOK 1.00 billion tranche for the second half of 2026, according to the same earnings transcript.
Third-quarter date is set
Storebrand's next reporting event is the third-quarter 2026 earnings release scheduled for October 20, 2026, according to MarketScreener. That date gives the target revision a clear near-term reference point, while the latest operating figures show that insurance remains the most visible earnings driver.
At Lang & Schwarz, Storebrand was trading at EUR 17.55 on October 1, 2026 at 4:03 p.m. CEST, down 0.11 percent versus the prior close of EUR 17.57. The further course of trading is shown by the continuously updated real-time quote of Storebrand stock.
Storebrand stock at a glance
- Company: Storebrand ASA
- ISIN: NO0003053605
- Ticker: STB.OL
- Primary exchange: Oslo Bors
- Price Lang & Schwarz as of October 1, 2026, 4:03 p.m. CEST: EUR 17.55
- Change versus prior close: minus 0.11 percent
- Prior close Lang & Schwarz September 30, 2026: EUR 17.57
- Market capitalization: NOK 79.8 billion as of October 1, 2026
- 52-week range: NOK 150.60-NOK 208.20 as of October 1, 2026
- Sector / Industry: Financial Services / Financial - Conglomerates
- Next earnings date: October 20, 2026
