Kongsberg stock gains 5.6 percent since September 14

Published on 09/22/2026 at 15:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kongsberg stock closed at NOK 321.90 on September 21, 2026, up 5.6 percent since September 14. Fearnley started coverage with a NOK 72 target.

Fotorealistische Verteidigungsanlage mit Radarturm bei Dämmerung, norwegische Küstenlandschaft — Kongsberg Gruppen ASA NO0003043309 zeigt eine norwegische Verteidigungsanlage mit Radaranlage bei Dämmerung, Illustration mit AI erstellt.

Kongsberg stock closed at NOK 321.90 on the Oslo exchange on September 21, 2026, down 0.19 percent on the day but up 5.6 percent from NOK 304.90 on September 14. The move puts the defence and technology group at the centre of fresh analyst attention.

Fearnley starts coverage

Placera reported on September 22, 2026, that Fearnley began covering Kongsberg Maritime with a Buy rating and a NOK 72 price target. The target applies to the maritime business rather than directly representing a target for the listed Kongsberg Gruppen share.

The distinction matters because Kongsberg combines defence, maritime technology and digital operations. A business-level target can therefore provide a sector signal without being directly comparable with the NOK 321.90 share price.

Defence remains the key comparison

Placera reported on September 21, 2026, that Bank of America viewed Saab among the beneficiaries of continued defence demand and cited expected valuation levels of 1.62 times for Kongsberg Defence and 1.66 times for Saab. The 0.04-times gap gives investors a concrete peer comparison within the defence theme.

That comparison also highlights the main risk to the current narrative: valuation depends on sustained defence demand and on how much future growth is already reflected in the share price. The September 21 close followed a 870,444-share turnover, according to a market update published by Radio Haugaland on September 22, 2026.

Stock holds recent gains

Kongsberg stock ended September 21, 2026, at NOK 321.90 on the Oslo exchange. The daily change was negative 0.19 percent, while the move from NOK 304.90 on September 14 to NOK 321.90 represented a gain of NOK 17.00, or 5.6 percent.