Kongsberg stock gains after Deutsche Bank starts coverage with Buy rating

Published on 09/10/2026 at 11:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kongsberg stock traded at NOK 304.9 on the Oslo Stock Exchange on September 10, 2026, up 1.9 percent after Deutsche Bank initiated coverage with a Buy rating and a NOK 360 price target. The shares remain well below the 52-week high of NOK 425.9, leaving room for further re-rating if growth continues.

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 Gruppen ASA stock (ISIN NO0003043309) traded at NOK 304.9 on the Oslo Stock Exchange on September 10, 2026, up 1.9 percent intraday as investors reacted to a new Buy rating and price target of NOK 360 from Deutsche Bank.

Deutsche Bank’s fresh Buy rating sets NOK 360 target

According to MarketScreener on September 10, 2026, Deutsche Bank initiated coverage of Kongsberg Gruppen ASA with a Buy rating and a price target of NOK 360, positioning the Norwegian technology and defense group as a structural growth story in European defense and maritime technology.

As Investing.com reported on September 10, 2026, Kongsberg stock rose 1.9 percent during the session to trade at NOK 304.9, with the Deutsche Bank initiation cited as the main driver of the move.

The new NOK 360 price target represents a premium of around 18 percent to the NOK 304.9 level highlighted in the same Investing.com report on September 10, 2026, underscoring that the bank sees further upside if Kongsberg continues to convert its order backlog and expand capacity.

Stock still trades far below 52-week high

According to Investing.com on September 10, 2026, the current Kongsberg stock price of NOK 304.9 remains meaningfully below the 52-week high of NOK 425.9, leaving room for re-rating if the company maintains its execution on backlog conversion and capacity expansion plans.

Based on these figures, Kongsberg shares are trading about 28 percent under the 52-week high of NOK 425.9 as of September 10, 2026, a gap that highlights how far the stock still sits from its peak despite the recent bounce.

Previous data referenced by Ad-hoc-news indicated that Kongsberg stock closed at NOK 293.05 on September 9, 2026, on the Oslo Stock Exchange, up 2.1 percent on that day, so the latest NOK 304.9 intraday quote on September 10, 2026 builds on a multi-day upward move.

Recent trading and valuation context

According to MarketScreener on September 10, 2026, the most recent closing price for Kongsberg on Oslo Bors was NOK 299.20 at 4:45 p.m. local time on September 9, 2026, representing a daily decline of 0.66 percent and a year-to-date gain of 15.70 percent.

The intraday level of NOK 304.9 described by Investing.com on September 10, 2026 thus stands modestly above the prior close of NOK 299.20, implying a same-day increase of roughly 1.9 percent and extending the stock’s year-to-date gain beyond the 15.70 percent indicated in the MarketScreener overview.

As of September 10, 2026, that combination of a double-digit year-to-date performance and a sizeable gap to the 52-week high of NOK 425.9 positions Kongsberg as a stock that has already delivered gains but still trades below its past peak, a balance that may interest investors who follow European defense and maritime technology names.

Fundamental backdrop and risks

Recent commentary cited by Investing.com on September 10, 2026 points to Kongsberg’s structural growth story driven by European defense spending and maritime technology investments, with backlog conversion and capacity expansion identified as central themes for the group’s medium-term earnings trajectory.

At the same time, the same Investing.com analysis on September 10, 2026 underlines that execution risks around converting the large defense and maritime order backlog into revenue, as well as managing capacity expansions without cost overruns or delays, remain key factors that could influence whether the stock closes the gap toward Deutsche Bank’s NOK 360 price target and the 52-week high of NOK 425.9.

For investors, this means the current price zone around NOK 304.9 as of September 10, 2026 reflects both optimism about ongoing growth in Kongsberg’s core markets and caution about operational challenges that could impact profitability and cash flow if projects slip or input costs rise.

Stock price level as of the latest trading day

As of the last completed trading day’s close on Oslo Bors, September 9, 2026, Kongsberg stock finished at NOK 299.20, and intraday trading on September 10, 2026 lifted the shares to NOK 304.9 on their primary listing, keeping the stock comfortably below the 52-week high of NOK 425.9 while extending the year-to-date gain of 15.70 percent.