UBS cuts target for Handelsbanken stock to SEK 135

Published on 10/22/2026 at 09:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS set a SEK 135 target on October 22, 2026. Handelsbanken stock traded at EUR 13.37 as third-quarter operating profit reached SEK 7,353 million.

Analyst action and quarterly strength

UBS set a SEK 135 target on October 22, 2026.
Third-quarter operating profit reached SEK 7,353 million on October 21, 2026.
Handelsbanken A stock traded at EUR 13.37 at 9:07 a.m. CEST at Lang & Schwarz on October 22, 2026.
The next annual report highlights are scheduled for February 3, 2027.

Makroaufnahme von schwedischen Münzen und gefalteten Banknoten mit Textur — Svenska Handelsbanken (SE0007100599) operiert im Zahlungsverkehr, illustriert durch diese Makroaufnahme von Münzen und Banknoten, Illustration mit AI erstellt.

Handelsbanken A (ISIN SE0007100599) was trading at EUR 13.37 at Lang & Schwarz on October 22, 2026 at 9:07 a.m. CEST. The market backdrop followed a fresh UBS target cut and the bank's third-quarter report.

According to MarketScreener on October 22, 2026, UBS cut its target for Handelsbanken from SEK 140 to SEK 135 and reiterated its sell rating. The change came after the bank's latest quarterly figures.

Third-quarter profit holds up

Nasdaq Stockholm published Handelsbanken's interim report on October 21, 2026. Operating profit for the third quarter reached SEK 7,353 million, up from SEK 6,678 million in the second quarter, while return on equity rose to 13.5 percent from 12.8 percent.

The report also showed earnings per share of SEK 2.87 in the third quarter, compared with SEK 2.60 in the second quarter. The cost-to-income ratio improved to 42.3 percent from 44.3 percent, and the credit loss ratio remained at 0.00 percent.

What changed across the year?

For the first nine months of 2026, operating profit was SEK 22,226 million, compared with SEK 22,933 million in the same period of 2025. The comparison shows stronger quarterly profitability alongside lower adjusted year-to-date profit.

Three dated developments

On October 8, 2026, Citi raised its target to SEK 127 from SEK 118, as listed by Nordnet. On October 21, 2026, Handelsbanken reported third-quarter operating profit of SEK 7,353 million. On October 22, 2026, UBS cut its target from SEK 140 to SEK 135.

Next reporting dates

Handelsbanken lists February 3, 2027 for the highlights of its annual report for January through December 2026. The calendar also lists March 24, 2027 for the annual general meeting.

Stock stays in the Swedish banking frame

Handelsbanken A is listed on Nasdaq Stockholm under the ticker SHB A. Its primary-market quote was SEK 148.55 at 9:10 a.m. CEST on October 22, 2026, while the 52-week range was SEK 116.80 to SEK 157.90. The reported market capitalization was SEK 288.9 billion at that time.

Handelsbanken A was trading at EUR 13.37 at Lang & Schwarz on October 22, 2026 at 9:07 a.m. CEST. The next market reaction will be weighed against the UBS target change and the bank's improved third-quarter return on equity. The further course of trading is shown by the continuously updated real-time quote of Handelsbanken A stock.