Jefferies cuts target for Gjensidige stock to NOK 272 from NOK 311

Published on 10/15/2026 at 12:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies moved Gjensidige to Hold on October 6, 2026. Gjensidige stock costs EUR 24.40 on October 15, 2026 before Q3 results on October 23.

Target cut and results date

Jefferies cut its Gjensidige target from NOK 311 to NOK 272 on October 6, 2026.
Gjensidige reported NOK 2.245 billion in Q2 2026 profit after tax and a 33.3 percent return on equity.
Gjensidige stock trades at EUR 24.40 at 12:44 p.m. CEST at Lang & Schwarz on October 15, 2026.
Third-quarter results are scheduled for October 23, 2026.

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Gjensidige stock (ISIN NO0010582521) was trading at EUR 24.40 at Lang & Schwarz on October 15, 2026 at 12:44 p.m. CEST. TipRanks reported on October 6, 2026 that Jefferies downgraded Gjensidige to Hold from Buy and cut its price target from NOK 311 to NOK 272.

Jefferies trims its target

The target reduction puts pricing power at the center of the investment case. According to TipRanks, Jefferies said Norwegian insurance prices were decelerating and that prior price increases were already reflected in consensus earnings growth expectations.

The latest operating figures offer a counterweight. Quartr reported that Q2 2026 profit after tax reached NOK 2.245 billion, while return on equity was 33.3 percent and the solvency ratio was 189 percent.

Three recent signals for investors

The chronology shows how the picture has changed. On July 13, 2026, Gjensidige published its Q2 2026 results with NOK 2.245 billion in profit after tax, according to the company's investor-relations page. On September 16, 2026, a presentation highlighted a 189 percent solvency ratio, according to Quartr. On October 6, 2026, Jefferies cut its target to NOK 272 from NOK 311, as reported by TipRanks.

What happens before October 23?

The next dated milestones are the publication of third-quarter consensus on October 16, 2026, and the Q3 2026 results on October 23, 2026, according to Quartr and Cision. The pre-close summary said a major Norwegian residential fire had an estimated NOK 100 million impact, covered by reinsurance.

Stock price and next report

For investors, the October 23 report will test whether strong Q2 profitability and capital strength can offset Jefferies' concern about slower insurance pricing. Gjensidige was trading at EUR 24.40 at Lang & Schwarz on October 15, 2026 at 12:44 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Gjensidige stock.