SSAB stock gains after Citigroup raises its target

Published on 09/15/2026 at 14:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citigroup raised its SSAB target to SEK 120 from SEK 110 on September 15, 2026. SSAB stock last closed at SEK 101.00, down 2.27 percent, on Nasdaq Stockholm.

Fotorealistische Aufnahme eines schwedischen Stahlwerks mit glühenden Stahlblechen — Fotorealistisches Bild zeigt SSAB AB, ISIN SE0000108656, mit typischer Stahlwerk-Anlage und Stahlblechen in Skandinavien, Illustration mit AI erstellt.

SSAB stock (ISIN SE0000108656) is trading with fresh analyst attention after Citigroup lifted its target to SEK 120 from SEK 110 and reiterated a Buy rating on September 15, 2026. The move leaves the shares about 18.8 percent below the new target.

Citigroup lifts the bar

According to Placera.se on September 15, 2026, Citigroup raised its SSAB target to SEK 120 from SEK 110 and kept a Buy recommendation. The same market note showed SSAB B at SEK 8.98, down 2.20 percent, and SSAB A at SEK 101.00, down 2.27 percent.

For investors, the gap between the new target and the A-share close matters more than the daily move alone. At SEK 101.00, the A-share still sits below the revised target by SEK 19.00.

Price and range

On September 14, 2026, SSAB A finished at SEK 101.00 on Nasdaq Stockholm, while the latest daily change in the cited note was minus 2.27 percent. The B share closed at SEK 8.98, down 2.20 percent, showing that both lines traded weaker in the same session.

That price sits in a market that values the company in the tens of billions of SEK, according to the recent ad hoc market wrap from September 14, 2026. The share price also remains inside its recent trading corridor.

Fundamental backdrop

In the most recent interim report within the past nine months, SSAB generated revenue in the billions of Swedish kronor and reported a positive operating profit. The same report said the operating margin remained solid and compared favorably with the prior-year quarter, which had been several percentage points lower.

That combination matters because the stock is now priced against both a lower daily quote and a still-profitable operating base. The contrast is clear: a SEK 120 target against a SEK 101 A-share close, plus a quarterly margin that improved versus the prior-year period.

Stock level to watch

SSAB stock closed at SEK 101.00 on September 14, 2026, on Nasdaq Stockholm. The A-share remains the reference line for the Swedish listing, with Citigroup's revised SEK 120 target setting the latest visible benchmark.