SCA stock gains as SEB lifts price target on solid Q2 figures

Svenska Cellulosa Aktiebolaget SCA (publ) stock (ISIN SE0000112724) ended the September 17, 2026 session at SEK 119.90 on Nasdaq Stockholm, up 0.9 percent from the prior close and still trading below a fresh analyst target of SEK 142. As EFN reported on September 17, 2026, SEB lifted its price target for SCA shares to SEK 142 from SEK 141 and reiterated its buy recommendation, with the stock closing that prior session at SEK 119.90.Ad-hoc-news The new target leaves the share price roughly SEK 22 below SEB's valuation, highlighting potential upside in the eyes of that analyst.

Analyst upgrade underpins SCA stock

The SEB move is the clearest recent catalyst for SCA stock, coming against a backdrop of gradually improving sentiment toward Scandinavian forest products. According to Ad-hoc-news on September 18, 2026, SEB's new SEK 142 target compares with the September 17, 2026 close of SEK 119.90, implying a price gap of about 18.5 percent between the market level and that valuation marker. For investors, this spread quantifies how much room SEB still sees for the shares to advance if SCA delivers on its operational plans.

In the wider Nordic equity environment, SCA's modest gain has played out alongside constructive index moves. As Ad-hoc-news noted for September 17, 2026, the technology-heavy Nasdaq index advanced 1.76 percent to finish at 26,434.77, signaling a broadly supportive backdrop for risk assets. Against this environment, a targeted, fundamentals-based upgrade from SEB gives SCA an additional company-specific tailwind beyond the general market.

Q2 2026 results frame valuation debate

Behind the analyst call lies the company's latest earnings picture. SCA’s investor-relations overview lists an Interim Report Q2 2026 as the most recent financial disclosure, covering the quarter ended mid-2026.SCA According to quarterly data compiled by Investing.com, the latest release dated July 22, 2026 shows revenue of SEK 6.01 billion for that reporting period. That figure represents a substantial business scale for the forest group and serves as a key reference point for analysts assessing whether the current share price fully reflects SCA’s cash-generating capacity.

The same financial summary cites earnings per share of SEK 0.75 for the latest reported quarter dated July 22, 2026.Investing.com While no explicit prior-year comparison stands out in that overview, the combination of SEK 6.01 billion in quarterly revenue and SEK 0.75 per share in earnings offers investors a concrete basis to relate SEB’s SEK 142 target to SCA’s recent profit output. One practical way to look at it: at the September 17 close of SEK 119.90, the stock trades at a multiple of about 160 times that single-quarter EPS, or a materially lower multiple when annualized earnings are taken into account.

Market pricing and 52-week range

Price data from major quote services point to a stock that is currently nearer the upper end of its trading range, yet not at a peak. On a Frankfurt listing for SCA B, which provides a useful cross-check on market levels, the shares were quoted at EUR 10.79, up 1.46 percent on the session, with a 52-week range from EUR 8.75 to EUR 11.82 as of September 18, 2026.Investing.com That positioning means the Frankfurt-traded shares are trading roughly EUR 1.03 below their 52-week high, giving investors a sense of how far the market still sits from the recent top in that venue.

A parallel profile for SCA B on another European venue shows similar dynamics. Data for the TradeGate listing indicate a price of EUR 10.81, a daily rise of 0.56 percent, with a 52-week span between EUR 8.69 and EUR 11.86, based on delayed quote information at 04:16:00 on September 18, 2026.Investing.com Compared with the upper bound of EUR 11.86, this EUR 10.81 level is about EUR 1.05 or nearly 9 percent below the 52-week high, underscoring that Nordic forest shares like SCA have seen a recovery but have not yet revisited their strongest levels of the past year.

Stock level and investor perspective

For reference, the core price focus for SCA remains its primary Nasdaq Stockholm listing in Swedish krona. The latest completed session before publication saw SCA stock close at SEK 119.90 on Nasdaq Stockholm on September 17, 2026, marking a 0.9 percent daily gain and placing the shares meaningfully below SEB's SEK 142 price target.Ad-hoc-news For investors, the interplay between that Stockholm closing level, the recent quarterly figures and SEB's raised target frames the current debate: how quickly and through which drivers SCA might close the valuation gap that the analyst sees between fundamental performance and market pricing.

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