SCA stock extends gains as SEB raises price target after weaker Q2 earnings

Published on 09/19/2026 at 12:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SCA stock closed at SEK 119.90 on Nasdaq Stockholm on September 17, 2026, still below SEB’s raised price target of SEK 142. The bank’s move follows Q2 2026 results where SCA’s profit fell versus the prior year but the shares still advanced.

Fotorealistische Waldlandschaft mit Holzernte-Maschine und gestapelten Baumstämmen bei Sonnenaufgang — Fotorealistisches Waldmotiv zeigt Svenska Cellulosa AB SCA (SE0000112724) mit Holzernte in nordischer Forstlandschaft bei Sonnenaufgang, Illustration mit AI erstellt.

Svenska Cellulosa Aktiebolaget SCA stock (ISIN SE0000112724) last closed at SEK 119.90 on Nasdaq Stockholm on September 17, 2026, leaving the shares notably below a fresh analyst price target of SEK 142 and extending a recent upward move in the forest products group.

SEB lifts target on SCA stock

According to Ad-hoc-news, SCA stock ended the September 17, 2026 session at SEK 119.90 on Nasdaq Stockholm, up 0.9 percent from the prior close, as the market reacted to a revised analyst valuation.

As Ad-hoc-news reports with reference to EFN coverage dated September 17, 2026, SEB raised its price target for SCA shares to SEK 142 from SEK 141 while reiterating a buy recommendation.

The new SEK 142 target stands SEK 22.10 above the September 17, 2026 closing level of SEK 119.90, underlining that the bank still sees upside of around 18.4 percent based on that latest completed Stockholm session.

Q2 2026 figures show lower profit but support valuation case

Recent coverage in Swedish business media highlights that SCA’s latest quarterly report showed a clear decline in earnings compared with the previous year, even though the share price advanced on the day of publication.

According to Affarsvarlden, SCA’s report for the latest quarter was broadly in line with expectations but the result fell clearly compared with the prior year period, yet the stock rose by more than 4 percent on the day the figures were released.

While the Affarsvarlden commentary does not detail exact revenue or earnings numbers for the quarter, the combination of a year-on-year profit decline and a positive share-price reaction suggests that investors may have been braced for weaker figures and are now focusing on longer-term cash flow and asset values rather than just near-term margins.

For investors, that dynamic matters: a lower quarterly profit compared with the prior year increases the importance of SCA’s ability to sustain dividends and investments from its forest asset base, while the 4 percent price rise on the results day indicates that the market judged the reported numbers to be at least good enough relative to expectations.

Stock valuation versus analyst target

With SCA stock at SEK 119.90 on September 17, 2026 and SEB’s target at SEK 142, the shares trade meaningfully below that single-house valuation, and the gap between price and target gives a quantified view of the banking analyst’s upside scenario.

The roughly SEK 22 difference between the closing price and SEB’s target reflects both the weaker recent quarterly profit described by Affarsvarlden and the bank’s expectation that earnings and cash generation can recover over time, supported by SCA’s forest holdings and packaging demand.

For investors, the key quantitative comparison now is between the SEK 119.90 market price from the latest completed Stockholm session and SEB’s SEK 142 target, alongside the year-on-year decline in quarterly profit that Affarsvarlden notes; together these numbers frame the debate about whether SCA’s current valuation already reflects the weaker recent earnings or still leaves room for a rerating if profitability stabilizes.

Latest price level and investor takeaway

SCA stock closed at SEK 119.90 on Nasdaq Stockholm on September 17, 2026, with a daily gain of 0.9 percent versus the prior session, and stands below the SEK 142 price target set by SEB, implying double-digit percentage upside based on that latest closing level.