Nordea raises target for Hexagon stock from SEK 110 to SEK 125
Published on 10/06/2026 at 13:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Hexagon (ISIN SE0015961909) was trading at EUR 9.24 at Lang & Schwarz on October 6, 2026 at 1:46 p.m. CEST, up 0.98 percent versus the prior close of EUR 9.15. According to Börskollen on October 2, 2026, Nordea retained its Buy rating and raised the target from SEK 110.00 to SEK 125.00. The unchanged rating and higher target make the analyst revision the clearest current valuation signal for Hexagon stock.
Nordea lifts the valuation bar
Nordea also raised its EBITAC estimates for 2026 through 2028 by 2.00 percent to 8.00 percent, according to Börskollen's October 2 report. The bank cited the new leadership, the planned Octave listing and efficiency measures as potential drivers for profitability and cash flow, while identifying capital allocation and a slower economic recovery as risks.
The target implies about 21.00 times expected 2028 EV to EBIT, compared with a 19.00 times ten-year average, according to Börskollen. That comparison shows that Nordea's higher target also assumes a valuation premium, not only better operating execution.
Second-quarter growth supports the case
Hexagon delivered 12.00 percent organic growth across all three business areas in the second quarter of 2026, according to the Yahoo Finance transcript of the July 29 earnings call. EBITAC, Hexagon's profitability metric, reached 24.30 percent versus 21.00 percent in the comparison period, an improvement of 3.30 percentage points.
Cash conversion reached 149.00 percent in the second quarter, while the company continued to build backlog across its three business areas, the transcript said. The operating picture therefore combines double-digit organic growth with measurable margin expansion, although the company also described automotive, construction and agriculture as weaker end markets.
Third-quarter report has a date
Hexagon will release its third-quarter 2026 interim report on October 23, 2026, at 8:00 a.m. CEST, according to Cision on October 2, 2026. Chief Executive Officer Anders Svensson and Chief Financial Officer Enrique Patrickson are scheduled to present the results at 10:00 a.m. CEST, giving the next report a defined test for the growth and margin trajectory.
Stock trades below its yearly high
At Lang & Schwarz, Hexagon was trading at EUR 9.24 on October 6, 2026 at 1:46 p.m. CEST, plus 0.98 percent versus the prior close of EUR 9.15. The finance quote for the primary listing showed a market capitalization of SEK 267.2 billion and a 52-week range of SEK 71.57 to SEK 122.10 on October 6, 2026, while the listing is on Nasdaq Stockholm under ticker HEXA B, as identified by Global Banking and Finance Review.
The further course of trading is shown by the continuously updated real-time quote of Hexagon stock.
Hexagon stock facts
- Company: Hexagon AB (publ)
- ISIN: SE0015961909
- Ticker: HEXA B
- Primary exchange: Nasdaq Stockholm
- Price Lang & Schwarz as of October 6, 2026, 1:46 p.m. CEST: EUR 9.24
- Change versus prior close: plus 0.98 percent
- Prior close Lang & Schwarz October 5, 2026: EUR 9.15
- Market capitalization: SEK 267.2 billion (as of October 6, 2026)
- 52-week range: SEK 71.57-122.10 (as of October 6, 2026)
- Sector / Industry: Information Technology / Hardware, Equipment and Parts
