Saab B stock gains as Citi raises target to SEK 628
Published on 09/23/2026 at 12:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Saab B (SE0000112385) rose 1.1 percent to SEK 620.70 on Nasdaq Stockholm on September 23, 2026, as Placera reported that Citigroup raised its price target from SEK 527 to SEK 628. The new target is only SEK 7.30 above the reported intraday price, making valuation the central issue for the shares.
Citi lifts target by SEK 101
The target increase amounts to SEK 101, or 19.2 percent, from the previous SEK 527 level. MarketScreener listed the September 22, 2026 update as a Citigroup target increase while retaining a Neutral recommendation. The combination of a higher target and unchanged rating points to improved value recognition without removing the price sensitivity at current levels.
The market move came against a broadly unchanged OMXS30 in the early Stockholm session. Saab was among the strongest large-cap names, while the European aerospace and defense sector also opened firmly, according to Reuters in a September 23, 2026 market report.
Q2 revenue reached USD 2.72 billion
Saab's most recently cited quarterly figures relate to the second quarter of 2026. MarketBeat reported quarterly revenue of USD 2.72 billion and earnings per share of USD 0.21 for the results published on July 17, 2026, while net margin was 8.05 percent. These figures provide the latest dated operating reference in the available market coverage.
The revenue figure matters because the stock is trading at a demanding valuation. MarketBeat lists a price-to-earnings ratio of 44.53 and a price-to-book ratio of 7.47 as of September 22, 2026. The comparison between a 44.53 earnings multiple and the 8.05 percent net margin shows why order growth and future earnings conversion remain important to the share-price case.
Stock remains near the target
Saab's official share page recorded SEK 614.00 at 6:00 p.m. CET on September 22, 2026, down SEK 5.80, or 0.94 percent, from the previous close. The same Nasdaq Stockholm snapshot showed a market capitalization of SEK 333.637 billion, volume of 3,214,033 shares, a day high of SEK 626.70 and a day low of SEK 608.80, according to Saab.
The September 23 price of SEK 620.70 stood 1.1 percent above the September 22 official close of SEK 614.00. It was also SEK 7.30 below Citi's new SEK 628 target, so the market had already priced in most of that revised target during the session.
Saab B stock closes at SEK 620.70
Saab B stock traded at SEK 620.70 on Nasdaq Stockholm on September 23, 2026, up 1.1 percent during the session. The next valuation test is whether the latest quarterly revenue and margin profile can support further earnings growth beyond the target level raised by Citigroup.
Saab B stock facts
- Company: Saab AB
- ISIN: SE0000112385
- Ticker: SAAB B
- Trading venue: Nasdaq Stockholm
- Price as of September 23, 2026: SEK 620.70
- Market capitalization: SEK 333.637 billion as of September 22, 2026
- Sector / Industry: Industrials / Aerospace and Defense
- Index membership: OMXS30
