Cloetta B Shares Post Modest Gain Amid Analyst Upgrade
Cloetta B (CLA‑B.ST) finished the trading session on Thursday, 22 October 2026, 2.38 % higher than its previous close. At 07:45 PM Central Europe, the stock traded around SEK 58.35 on the Stockholm Exchange, reflecting a current market capitalisation of SEK 16.7 billion and a 24‑hour trading volume of approximately SEK 30.8 million.
The share price sits above the 200‑day simple moving average of SEK 51.30, and the 52‑week high of SEK 58.80 reached on 21 October 2026. The 52‑week low—SEK 33.22—was recorded on 6 November 2025, underscoring the recent upward trajectory. Since the end of the previous month, the stock has climbed 9.42 %, a performance that has attracted renewed attention from market analysts.
Nordea Re‑rates Cloetta AB‑B Shares
Nordea recently upgraded its target price for Cloetta AB‑B SHS to SEK 65, maintaining a buy recommendation. The revision is grounded in the company’s strengthened earnings‑before‑interest‑tax‑depreciation and amortisation (EBITDA) outlook and the projected growth of its flagship confectionery brands, particularly the newly launched foam‑candy range.
Nordea anticipates a 4 % rise in EBITDA in the third quarter and forecasts operating margins of 12.8 % in 2026, increasing to 13.3 % in 2027. The target price reflects a valuation of roughly 16.3 times next‑12‑month EBITDA. Although the recent market rally—characterised by several stocks hitting 52‑week highs—has no direct link to Cloetta, the company’s fundamentals appear to be supporting the upward trend.
24‑Hour Performance of Related Stocks
| Stock | 24‑hr % Move | Current Price | Market Cap | P/E Ratio |
|---|---|---|---|---|
| Alvotech Sdb | –0.97 % | SEK 49.20 | SEK 18.1 bn | – |
| Granges (GRNG.ST) | –1.04 % | SEK 174.10 | SEK 18.4 bn | 15.27 |
| Storskogen (STOR‑B.ST) | –0.26 % | SEK 11.00 | SEK 19.2 bn | 16.78 |
| Beijer Alma (BEIA‑B.ST) | +0.16 % | SEK 300.00 | SEK 18.6 bn | 24.83 |
| Ncc‑B (NCC‑B.ST) | +1.26 % | SEK 173.10 | SEK 17.4 bn | 223.31 |
Storskogen, in particular, is poised to release its third‑quarter results on Friday. Analysts anticipate a modest improvement in adjusted EBITDA, and the company will hold a conference call at 09:00 local time. The upcoming disclosure is expected to reinforce the group’s trend of steady earnings growth and highlight its governance initiatives, including the establishment of a nomination committee ahead of the 2027 annual general meeting.
Cloetta AB: A Brief Overview
Founded in 1862 and headquartered in Solna, Sweden, Cloetta AB specialises in confectionery production and distribution. The company manufactures chocolate products—pralines, wafers, dragees, plates, and countlines—under brands such as Kexchoklad, Polly, Center, Plopp, Tupla, Royal, Sportlunch, and Bridge. It also produces sugar confectionery (foams, wine gums, liquorice, toffees, hard‑boiled candies, lollypops) under Malaco, Red Band, Ahlgren’s Bilar, Venco, Chewits, and Juleskum, as well as pastilles and chewing gum under Lakerol, Mynthon, King, Jenkki, Sportlife, and Xylifresh. Dry‑roasted nuts are marketed under the Nutisal brand.
Cloetta’s products reach approximately 50 markets worldwide through a diversified retail and service trade network. The company is listed on the Swedish Stock Exchange and maintains a robust online presence at www.cloetta.com .
