Nordea cuts target for Thule Group stock to SEK 250

Published on 10/20/2026 at 13:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Thule's committee was appointed on October 19, 2026. Thule Group stock costs EUR 17.68 on October 20, 2026 ahead of results on October 22.

Analyst revision meets operating estimates

Nordea cut its target from SEK 275 to SEK 250 on October 15, 2026.
FactSet sees adjusted operating profit of SEK 499 million for the third quarter.
Thule Group stock traded at EUR 17.68 at 1:46 p.m. CEST at Lang & Schwarz on October 20, 2026.

Schwarzweiß-Reportage: Montage eines Dachträgers in der Fertigung — Schwarzweiß-Reportage zu Thule Group AB SE0007158910 dokumentiert Montage eines Dachträgers in industrieller Fertigung, Illustration mit AI erstellt.

Thule Group (ISIN SE0006422390) was trading at EUR 17.68 at Lang & Schwarz on October 20, 2026 at 1:46 p.m. CEST. On October 15, 2026, Nordea cut its target for Thule from SEK 275 to SEK 250 while retaining its Buy rating, as MarketScreener reported.

Three events shape the setup

On October 7, 2026, ABG Sundal Collier cut its target from SEK 300 to SEK 270, according to MarketScreener. On October 15, 2026, Nordea lowered its target from SEK 275 to SEK 250. On October 19, 2026, Thule appointed its nomination committee for the 2027 annual meeting, as Inderes reported.

What will October 22 test?

The answer lies in the third-quarter estimates. A finanzen.ch survey of nine analysts puts revenue for the quarter ended September 30, 2026, at SEK 2.62 billion, up 3.83 percent from SEK 2.53 billion a year earlier. FactSet expects adjusted operating profit of SEK 499 million, versus SEK 453 million in the third quarter of 2025.

Thule's latest reported quarter ended June 30, 2026, with revenue of SEK 3.421 billion and operating profit of SEK 756 million. The company has also set its third-quarter report for October 22, 2026, with publication at 7:45 a.m. CEST and a presentation at 11:00 a.m. CEST, according to its Thule Group release. The next annual meeting is scheduled for May 12, 2027, in Malmö, Sweden, according to Inderes.

Stock and reporting dates

Thule Group stock was trading at EUR 17.68 at Lang & Schwarz on October 20, 2026 at 1:46 p.m. CEST. The Nasdaq Stockholm quote stood at SEK 196.30 at 1:50 p.m. CEST on the same date.

The further course of trading is shown by the continuously updated real-time quote of Thule Group stock.