Thule stock falls after Danske Bank cuts target

Published on 09/18/2026 at 11:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Thule stock slipped to SEK 198.30 on September 18, 2026, after Danske Bank cut its target to SEK 280 from SEK 285. The stock closed at SEK 198.70 on September 16, 2026, with volume of 300,298 shares.

SUV mit Dachbox und Fahrradträgern vor Bergpanorama, Symbolbild Outdoor-Ausrüstung — Thule Group AB SE0007158910 zeigt ein SUV mit Dachbox und Fahrradträgern vor Bergkulisse, Illustration mit AI erstellt.

Thule stock (ISIN SE0007158910) traded at SEK 198.30 on September 18, 2026, after Danske Bank cut its target to SEK 280 from SEK 285 and kept its buy call, according to Zonebourse. The shares closed at SEK 198.70 on September 16, 2026, down 0.61 percent on the day, with volume of 300,298 shares.

Target cut, but buy stays

Danske Bank's move gives the stock a fresh valuation anchor after the latest close of SEK 198.70 left it 23.4 percent below the new SEK 280 target. The same Reuters quote snapshot cited in the market note showed a 52-week range of SEK 185.10 to SEK 257.00, putting the latest close SEK 13.60 above the low and SEK 58.30 below the high.

For investors, that gap matters more than the small daily move: the new target still implies room above the current quote, but the stock continues to trade nearer the lower end of its yearly band. Thule Group AB is also carrying a listed analyst average target of SEK 267.50 and an average recommendation of buy, with 8 analysts in the consensus snapshot shown by Zonebourse.

Consensus still points higher

The latest market note also shows the company profile and consensus context in one place: Thule Group AB is based in Sweden, has 3,000 employees and operates in the auto parts, truck and motorcycle sector. That matters because the stock is now being priced against both a lower bank target and a broader average target that remains above the latest close.

SEK 198.70 close

Thule stock closed at SEK 198.70 on Nasdaq Stockholm on September 16, 2026, after a 0.61 percent gain, with 300,298 shares changing hands. The 52-week range in the same market snapshot was SEK 185.10 to SEK 257.00.