UBS cuts target for Gjensidige stock from NOK 292 to NOK 280

Published on 10/20/2026 at 12:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS cut target to NOK 280 on October 14, 2026, from NOK 292. Gjensidige stock costs EUR 25.00 on October 20, 2026, 1.38 percent above its Xetra close.

Analyst view before results

UBS lowered its target from NOK 292 to NOK 280 on October 14, 2026.
Second-quarter profit reached NOK 2.122 billion, while insurance revenue rose 9.30 percent on July 13, 2026.
Gjensidige stock trades at EUR 25.00 at 12:46 p.m. CEST at Lang & Schwarz on October 20, 2026, 1.38 percent above the Xetra close of October 19, 2026.

Isometrische 3D-Illustration einer Versicherungsprozesskette mit Symbolen — Isometrische 3D-Grafik zeigt die Versicherungsprozesskette, Gjensidige Forsikring ASA, ISIN NO0010582521, von Antrag bis Schadensabwicklung, Illustration mit AI erstellt.

Gjensidige stock (ISIN NO0010582521) was trading at EUR 25.00 in the Xetra session at 12:46 p.m. CEST on October 20, 2026, up 1.38 percent versus the Xetra close of October 19, 2026 at EUR 24.66. The latest analyst move came from UBS, which cut its target from NOK 292 to NOK 280 and kept a neutral rating on October 14, 2026, according to MarketScreener.

Analysts trim their targets

The UBS decision extends a more cautious sequence before the insurer's third-quarter report. Jefferies downgraded Gjensidige from Buy to Hold and cut its target from NOK 311 to NOK 272 on October 6, 2026, as reported by Markets Insider. The cited issue was slower insurance pricing, although the report said earlier price increases should continue supporting earnings.

What does the second quarter show?

Gjensidige entered the October analyst revisions with solid second-quarter operating figures. Insurance revenue increased 9.30 percent, profit after tax reached NOK 2.122 billion, return on equity was 33.30 percent and the solvency ratio stood at 189 percent, according to Quartr. The Danish workers compensation ruling reduced reported profit by NOK 419 million, so the quality of earnings matters as much as the headline result.

Three steps toward October

On July 13, 2026, the second-quarter report showed NOK 2.122 billion in profit after tax. On October 6, 2026, Jefferies moved to Hold and set a NOK 272 target. On October 14, 2026, UBS set a NOK 280 target, making the latest analyst view the third dated step in the sequence.

When are the next results?

Gjensidige is scheduled to publish third-quarter results on October 23, 2026, at 7:00 a.m. CET, followed by a results presentation at 9:00 a.m. CET, according to Gjensidige. The report will show whether pricing, claims and investment income can offset the more restrained target assumptions.

Stock holds above the close

At EUR 25.00, the Lang & Schwarz quote was EUR 0.34 above the October 19 Xetra close. Gjensidige's primary Oslo listing was last quoted at NOK 263.20 on October 20, 2026 at 12:37 p.m. CET, while the 52-week range was NOK 241.40 to NOK 303.00. The company had a market capitalization of NOK 131.6 billion as of October 20, 2026.

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