SEB Enskilda
SEB Enskilda was the brand of the equities and corporate finance business of Skandinaviska Enskilda Banken (SEB), the Stockholm-based Nordic bank; its equity research, now published under the SEB name, focuses on Nordic companies, including offshore and shipping stocks.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 312M
- Actions
- 312M
- Ratings / Price targets
- 0 / 3
- Median upside
- −6.3%
- Targets raised / lowered
- 2 / 0
- On record
- Jul 2012 – Aug 2026
Overview
As of 2026, SEB has more than 65 analysts covering over 300 Nordic companies, with offices in Stockholm, Copenhagen, Helsinki, Oslo, London, New York and Frankfurt. U.S. investors are served by SEB Securities, Inc. Its Corporate Research unit covers smaller, less liquid companies outside its main research coverage, including reports commissioned by the companies themselves. These reports are freely available to professional investors in Europe; SEB says wider access can help improve liquidity. The bank also arranges investor access to covered companies' senior management.
SEB traces its origins to Stockholms Enskilda Bank, founded by André Oscar Wallenberg in 1856, which merged with Skandinaviska Banken in 1972 to form Skandinaviska Enskilda Banken. In 2000 its investment bank, Enskilda Securities, bought Norwegian broker Orkla Finans for shares, giving Orkla a 22.5% stake that SEB repurchased in 2003. In 2005 SEB merged Enskilda Securities into its Merchant Banking division and rebranded the equities and corporate finance activities SEB Enskilda; its US unit was renamed SEB Securities in 2013.
Milestones
- 1856
André Oscar Wallenberg founds Stockholms Enskilda Bank
- 1972
Merger with Skandinaviska Banken forms Skandinaviska Enskilda Banken
- 2000
Enskilda Securities buys Orkla Finans; Orkla takes 22.5% stake
- 2003
SEB buys Orkla's 22.5% stake in Enskilda Securities
- 2005
Equities and corporate finance rebranded SEB Enskilda
- 2013
US unit SEB Enskilda Inc. renamed SEB Securities
Firm facts
- Legal name
- Skandinaviska Enskilda Banken AB (publ)
- Type
- Full-service
- Founded
- 1856
- Headquarters
- Stockholm, Sweden
- Listing
- Nasdaq Stockholm: SEB A
- President and Chief Executive Officer, SEB
- Johan Torgeby
- Rating scale
- BuyHoldSell6–12 months
- Website
- sebgroup.com
Research philosophy
Given the history of Enskilda Securities, the Nordic markets are a natural segment to focus upon.
SEB says its analysts compare companies within their industries and benchmark them against international competitors.
Rating methodology
Ratings are Buy (at least 10% upside to target price), Hold (trading close to target) and Sell (trading above target), with target prices reflecting expected total return over six to 12 months.
Coverage12M
Sectors
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 Borr Drilling LimitedBORR | — | $3.55 |
 Noble Corporation PlcNE | — | $33 |
 Genco Shipping & Trading LimitedGNK | — | $23 |
 International Seaways, Inc.INSW | — | $50 |
 Transocean Ltd.RIG | — | $2.80 |
 Seadrill LimitedSDRL | Sell | $33 |
 Valaris LimitedVAL | — | $45.50 |
Most active analysts
- Kim Andre Uggedal2 notesSDRLVAL
- Jon Skaland1 notesINSW
Recent actions
| Date | Stock | Rating action | Target | Analyst |
|---|---|---|---|---|
| Aug 17 | Borr Drilling LimitedBORR | Target | $2.40 →$3.55 | |
| Jan 27 | Noble Corporation PlcNE | Target | $30 →$33 | |
| Sep 26, 2025 | Genco Shipping & Trading LimitedGNK | Target | $23 | |
| Sep 1, 2025 | Noble Corporation PlcNE | Target | $30 | |
| Sep 1, 2025 | Seadrill LimitedSDRL | Target | $52 →$33 | Kim Andre Uggedal |
| Sep 1, 2025 | Valaris LimitedVAL | Target | $45.50 | Kim Andre Uggedal |
| Sep 1, 2025 | Borr Drilling LimitedBORR | Target | $2.40 | |
| Mar 5, 2025 | Transocean Ltd.RIG | Target | $2.80 | |
| Jan 24, 2025 | International Seaways, Inc.INSW | Target | $50 | Jon Skaland |
| Sep 20, 2024 | STScorpio Tankers Inc.STNG | Target | $73 | Frederik Mess |
| Aug 23, 2024 | LPDorian LPG Ltd.LPG | Target | $45 | Frederik Ness |
| Aug 7, 2024 | Seadrill LimitedSDRL | Target | $52 | Kim Andre Uggedal |