UBS cuts Gjensidige target to NOK 280: Gjensidige stock has NOK 131.8 billion value

Published on 10/18/2026 at 12:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 23 at 7:00 a.m. CET, with a 9:00 a.m. presentation. Gjensidige stock has NOK 131.8 billion value and a NOK 241.40 to 303.00 range.

Analyst revision and reporting

UBS cut its Gjensidige target from NOK 292 to NOK 280 on October 14, 2026.
Second-quarter profit after tax reached NOK 2.122 billion, while insurance revenue rose 9.3 percent.
Gjensidige will publish third-quarter results on October 23, 2026, at 7:00 a.m. CET.

Makrofotografie von Vertragspapier mit Textur und Tintenstempel im Detail — Makroaufnahme von Vertragspapier und Stempel visualisiert Gjensidige Forsikring ASA, ISIN NO0010582521, Versicherungsdokumente, Illustration mit AI erstellt.

Gjensidige stock (ISIN NO0010582521) faces a lower UBS target of NOK 280, cut from NOK 292 on October 14, 2026, while its market capitalization stood at NOK 131.8 billion on October 16. Affarsvarlden reported the UBS revision, which kept a neutral recommendation.

Why the target changed

The October 14 revision follows a series of lower broker targets during October. Jefferies had already downgraded Gjensidige from Buy to Hold on October 5 and cut its target from NOK 311 to NOK 272, according to Markets Insider. The cited concern was slower Norwegian insurance-price growth, while earlier price increases continue to support earnings.

What does the operating data show?

Gjensidige reported NOK 2.122 billion in profit after tax for the second quarter of 2026. Insurance revenue rose 9.3 percent from the prior-year quarter, return on equity reached 33.3 percent, and the solvency ratio was 189 percent, according to the company's Q2 earnings-call transcript published by Yahoo Finance.

Three dated milestones

On July 13, 2026, the second-quarter presentation reported NOK 2.122 billion in profit after tax. On October 5, 2026, Jefferies moved the stock to Hold and lowered its target to NOK 272 from NOK 311. On October 9, 2026, Gjensidige announced that third-quarter results would be released on October 23, 2026, with a 7:00 a.m. CET publication and a 9:00 a.m. CET presentation, according to Gjensidige.

Next dates for investors

The next scheduled company event is the third-quarter results release on October 23, 2026. Gjensidige also set an analyst Q&A for 11:00 a.m. CET that day, with registration requested by October 22, 2026.

Stock valuation context

Gjensidige's Oslo-listed shares had a 52-week range of NOK 241.40 to NOK 303.00 as of October 16, 2026. The analyst revisions place the October 23 results at the center of the next valuation test, with the second-quarter operating figures providing the latest performance baseline.

Reporting schedule sets the next test

Gjensidige enters the October 23 reporting date with a strong second-quarter solvency ratio and a clear analyst debate over insurance-price growth. The combination of lower targets and resilient operating figures makes the next report the key dated checkpoint for the stock.

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