Kepler Cheuvreux raises Assa Abloy stock target from SEK 410.00 to SEK 415.00

Published on 10/21/2026 at 10:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kepler lifted its target to SEK 415 on October 21, 2026. Assa Abloy stock costs EUR 32.02 on October 21, 2026.

Corporate actions and results

ASSA ABLOY signed the PKI divestiture agreement on October 16, 2026.
Second-quarter 2026 revenue reached SEK 39.26 billion.
Assa Abloy B stock traded at EUR 32.02 at 10:11 a.m. CEST at Lang & Schwarz on October 21, 2026.

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Kepler Cheuvreux raised its price target for Assa Abloy from SEK 410.00 to SEK 415.00 on October 21, 2026, while reiterating its Buy recommendation, according to MarketScreener. The move gives Assa Abloy B stock a fresh analyst catalyst before the company's third-quarter report.

PKI sale sharpens the portfolio

ASSA ABLOY signed an agreement on October 16, 2026, to sell HID's Public Key Infrastructure business to Vista Equity Partners. The divested unit generated USD 58.00 million in sales during fiscal year 2025 and the transaction is expected to close during the fourth quarter of 2026, according to PR Newswire.

The sale narrows HID's portfolio around access control and identity products while separating the PKI operation. The agreement covers IdenTrust, HydrantID, credential management solutions and ZeroSSL, with customary closing conditions still applying.

Three dated steps in the story

On September 16, 2026, Assa Abloy agreed to acquire PACLOCK, a US manufacturer with revenue of SEK 155.00 million, according to Affarsvarlden. On October 16, 2026, the company announced the PKI divestiture with fiscal year 2025 sales of USD 58.00 million. On October 21, 2026, Kepler Cheuvreux lifted its target from SEK 410.00 to SEK 415.00.

What comes next for results?

ASSA ABLOY will release its third-quarter 2026 report on October 27, 2026, at 8:00 a.m. CET, followed by a presentation at 9:00 a.m. CET, according to ASSA ABLOY. The annual general meeting is scheduled for April 28, 2027, in Stockholm, according to Cision.

The latest reported operating picture came from the second quarter of 2026. Revenue was SEK 39.26 billion, up 9.80 percent from SEK 35.75 billion in the first quarter, while operating profit reached SEK 6.68 billion versus SEK 5.46 billion. The operating margin was 17.00 percent, compared with 15.30 percent in the first quarter.

Stock trades before the report

Assa Abloy B was trading at EUR 32.02 at Lang & Schwarz on October 21, 2026, at 10:11 a.m. CEST. The Xetra close could not be used as a dated euro reference in this report, so no daily percentage comparison is stated. On Nasdaq Stockholm, the share was quoted at SEK 355.70 at 10:16 a.m. CEST, while the 52-week range was SEK 314.20 to SEK 396.90. The further course of trading is shown by the continuously updated real-time quote of Assa Abloy B stock.